gsvol
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The Dodd banking bill does the opposite of what should be done.
- Thread starter gsvol
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BigPapaVol
Wave yo hands in the aiya
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gsvol
Well-Known Member
- Joined
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"Bringing the government in to run Wall Street is like saying, Dad burned the dinner, lets get the dog to cook."
-- P.J. ORourke
Twenty years ago we granted amnesty to 3 million illegal aliens and were told that would solve the problem, now we are proposing to grant amnesty to 30 million illegal aliens to solve the problem of open borders.
We produced a gazillion dollars as an economic stimulus that vanished into thin air because too big to fail financial institutions were invested in worthless financial instruments and the average American working citizen is stuck with a bill our grandchildren will have trouble paying.
W R Grace of the respected Grace Commission described this kind of policy as 'intergenerational rape.'
What this bill doesn't do is regulate questionable financial instruments, thusly practically guaranteeing we will be faced with the same problem and stuck with the bill on down the road when these artificial fancial bubbles are built again and if it goes like uncontrolled immigration the the problem will reappear on a magnitude of ten.
"The secret of modern government is not how it works, the question is how do we make it stop working."
-- P J O'Rourke
Another thing this bill doesn't do but goes in the opposite direction is open the doors so we can see what is going on in the federal reserve which is neither federal nor has anything to do with a reserve.
On the contrary the fed is privately owned and based on debt and not reserve.
-- P.J. ORourke
Twenty years ago we granted amnesty to 3 million illegal aliens and were told that would solve the problem, now we are proposing to grant amnesty to 30 million illegal aliens to solve the problem of open borders.
We produced a gazillion dollars as an economic stimulus that vanished into thin air because too big to fail financial institutions were invested in worthless financial instruments and the average American working citizen is stuck with a bill our grandchildren will have trouble paying.
W R Grace of the respected Grace Commission described this kind of policy as 'intergenerational rape.'
What this bill doesn't do is regulate questionable financial instruments, thusly practically guaranteeing we will be faced with the same problem and stuck with the bill on down the road when these artificial fancial bubbles are built again and if it goes like uncontrolled immigration the the problem will reappear on a magnitude of ten.
"The secret of modern government is not how it works, the question is how do we make it stop working."
-- P J O'Rourke
Another thing this bill doesn't do but goes in the opposite direction is open the doors so we can see what is going on in the federal reserve which is neither federal nor has anything to do with a reserve.
On the contrary the fed is privately owned and based on debt and not reserve.
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