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Thread: Wall Street is writing its own regulation bill

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    Re: Wall Street is writing its own regulation bill

    Quote Originally Posted by PeteEU View Post
    Hey at least it is a step up compared to the last guy, who only represented the very rich he could get backing from.
    So you believe George W. Bush was elected by the 1%, because you claim that's all he could get backing from? I'd like to see you validate that comment.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Wall Street is writing its own regulation bill

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: Wall Street is writing its own regulation bill ? RT USA

    Welcome to:

    Enjoy the plutocracy. This country is literally being purchased and literally allowing corporations and banks to run the show. This is sickening.
    [/FONT][/COLOR]
    I have just finished the first 3 chapters of David Cay Johnston's fine book, The Fine Print. Your thread here fits in very nicely with the points he's making. Thanks.

    It is criminal how this government behaves in this regard. What we really have in this country today is an oligarchy with distinct characteristics of fascism.

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    Re: Wall Street is writing its own regulation bill

    Quote Originally Posted by Wiseone View Post
    If there's anyone you can trust to act in the best interest of the people, its a lobbying group openly bent on looking after the best interest of its lobby. Right? Right?!?!
    I'm not sure if you saw the OP, but the lobbying effort wrote 80% of the bill. In other words, there was still 20% that the regulatory committee either threw out or wrote themselves because the original proposal didn't suffice. It is still the job of the regulatory committee to produce the final product. Also, I'd note that this is a bill that only passed its initial committee, it will be subject to plenty of changes and amendments before it is actually signed into law.

    But my point stands. The industry should be free to offer its input into bills that will affect it, what needs changing is how much influence our Congress affords them. I blame Congress, not the lobbyists.

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    Re: Wall Street is writing its own regulation bill

    Quote Originally Posted by ReformCollege View Post
    I'm not sure if you saw the OP, but the lobbying effort wrote 80% of the bill. In other words, there was still 20% that the regulatory committee either threw out or wrote themselves because the original proposal didn't suffice. It is still the job of the regulatory committee to produce the final product. Also, I'd note that this is a bill that only passed its initial committee, it will be subject to plenty of changes and amendments before it is actually signed into law.

    But my point stands. The industry should be free to offer its input into bills that will affect it, what needs changing is how much influence our Congress affords them. I blame Congress, not the lobbyists.
    I blame Congress too, after all the lobbyists are doing what lobbyists do, looking after the interests of whomever or whatever they are lobbying for.

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    Re: Wall Street is writing its own regulation bill

    Quote Originally Posted by CanadaJohn View Post
    So you believe George W. Bush was elected by the 1%, because you claim that's all he could get backing from? I'd like to see you validate that comment.
    Who said elected by? No he conned the population into believing he had gotten over his cocaine and drinking habit and that his failed business career meant nothing and that he would fix something that was not really broken and all in the while he pushed through the same bull**** legislation for the 1% and their corporate allies. He could not even be bothered to help the victims of Katrina for **** sake... they were after all black and poor and democrats.
    PeteEU

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    Re: Wall Street is writing its own regulation bill

    Quote Originally Posted by PeteEU View Post
    Who said elected by? No he conned the population into believing he had gotten over his cocaine and drinking habit and that his failed business career meant nothing and that he would fix something that was not really broken and all in the while he pushed through the same bull**** legislation for the 1% and their corporate allies. He could not even be bothered to help the victims of Katrina for **** sake... they were after all black and poor and democrats.
    How sad you are.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Wall Street is writing its own regulation bill

    We're saying the same hing in different ways.

    I voted for Obama because I believed he would be a better choice for the middle class. I was wrong. Your analysis is correct, he serves only the extremes. Needless to say I have been very disappointed and did not vote for him in 2012. His alternative seemed even worse - so I voted 3rd party.


    Quote Originally Posted by CanadaJohn View Post
    It's a complicated answer, so I'll simply say that Obama has never been "the guy how represents the common man" - his four plus years in office should have disabused you of that notion long ago. Obama represents the fringes - the very rich and the very poor.

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    Re: Wall Street is writing its own regulation bill

    Quote Originally Posted by CanadaJohn View Post
    How sad you are.
    For what... pointing out the bleeding obvious?
    PeteEU

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    Re: Wall Street is writing its own regulation bill

    Quote Originally Posted by PeteEU View Post
    For what... pointing out the bleeding obvious?
    Even sadder is that you don't realize it.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Wall Street is writing its own regulation bill

    My complaint is that h doesn't make an issue of it. I've given him over 4 years. How much patience should I have?

    I think you're thinking of Part D, not Part C. I see Obamacare was equally crafted by the Part D beneficiaries and their bags of cash.



    Quote Originally Posted by notquiteright View Post
    To be a bit more fair about this. It shouldn't surprise anyone the Republican controlled House had the lobbyists give so much input, (I am being nice). Remember the 'assistance' the Healthcare Industry gave so generously in helping write the Part C law for the Republican controlled Congress during BushII's time in office?

    But don't despair and decry just yet. The Democrat controlled Senate must pass the bill before it gets to the President, who if we all recall is being barraged by a series of GOP lead attacks on everything they can think of, not to mention the tornado here in Oklahoma. He is a tad busy at the moment.

    I understand the lament, we Citizens of this Grand and Glorious Republic are known for our lack of patience. These days the microwave is too slow!!!

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