New Financial Regulations Bill

#1
KB5252

KB5252

Repeat Forward Progress Victim
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Jan 11, 2008
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#1
Wondering what some of your thoughts were on this bill. As the days go by we will find out more details about what this new bill contains. I am not an econ guy and we know very little about it yet and I was hoping some of you better versed in this area would shed some light for me.
 
#2
#2
If the bill is for fixin corruption, it won't be worth the paper it is written on.

Basically you would be trading one fox, for another.
 
#6
#6
KB5252 said:
Wondering what some of your thoughts were on this bill. As the days go by we will find out more details about what this new bill contains. I am not an econ guy and we know very little about it yet and I was hoping some of you better versed in this area would shed some light for me.
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I think it is a super sorry bill that does the just exactly the opposite of what needs to be done.

First off I believe it creates another federal agency.

Gee isn't that swell, just what we need?

Next this regulatory agency will be housed not in the US Treasury which belongs to we the American people, (or at least the US federal government which is supposed to be working for we the American people) but will be housed in the Federal Reserve which is a private organization owned by a few very very wealthy people, about 60% of which are European (actually internationalists with real allegiance to no particular country, the same for owners who happen to have American citizenship), that control the EU and the EURO and most of the currencies of the rest of the world. (probably all by now)

(some people think what happened in South Africa was about apartheid, apartheid was only a tool, what happened in South Africa was about stealing the wealth of a nation.)

I think there are some good points at first glance if you can believe the finger pointers who say this or that caused our recent and ongoing financial and economic problems. (when they very well know those weren't the real causes.)

While a majority of congressmen signed on as cosponsors of 'the federal reserve transparency act of 2009', that bill which would at least be a step in the right direction is buried by Pelosi and the dimcraps in some subcommittee.


"If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and the corporations that will grow up around them, will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered."
Thomas Jefferson


A short, concise and truthful history lesson.

Dodd and the dimcraps promise that if this bill is enacted then there will never be another big bailout.

Chris%20Dodd.jpg


Dood is a liar and the truth is not in him.

Wilson and the dimcraps promised that if the federal reserve act was passed there would never be another banking crisis but it was only 16 years before we had the greatest financial crisis in American istory, the great depression where many an American lost everything he had and was reduced to having to get his meals in some soup line.

Andrew Jackson founded the Democrat Party on this very issue, a couple of his quotes on this issue:

"The bold effort the present (central) bank had made to control the government ... are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it."

"I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."

"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves and by the grace of the Eternal God, will rout you out."

Here is what I think of the bill.

3CardMonte-759799.jpg


I wouldn't bet on coming out ahead in the long run, or even the short run for that matter.
 
#7
#7
Unless it has changed, this dumbass thing basically requires accredited investor status for anyone investing in a company. Seems unenforceable and stupid, but it's DC.
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#9
#9
Jack welch pretty much sums it up for me...

jack_welch I wish the President would stop dividing us..Every day he has a new villain..bank execs, insurance companies, doctors, hedgefund managers etc
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#14
#14
The Bureau of Consumer Financial Protection should be called the Big Brother Final Act.

“The Bureau shall have the authority to gather information from time to time regarding the organization, business conduct, markets, and activities of persons operating in consumer financial services markets.”
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Guess what, in simple terms that gives them the right to research and know about every dime we the people do to transact business but we the people still don't have the right to know what federal reserve banks do with trillions of dollars.
 
#15
#15
Don't they have to pass it first so....you know.....they can find out what's in it??? :crazy:
 
#17
#17
TheDeeble said:
Don't they have to pass it first so....you know.....they can find out what's in it??? :crazy:
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:lolabove::lolabove::lolabove::lolabove:

The people who are very involved in writing all these sweeping, power grabbing bills reads like the who's who of the CPUSA.

And Barry and Eric don't have time to read a 12 page Arizona law before they say they are going to challenge it in federal court??

It should be clear to even the most dedicated obama supporter what is actually going on but you know people can be really stubborn about admitting it when they have been wrong about something.

Has to do with a river in Egypt or something.

BTW, the Clinton libary will not release any material they have about SCOTUS nominee Kagan.

clintonlibrary.jpg


Photo of Bill's double wide library in Arkansas.
 
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