President Obama Announces Financial Regulation Reform
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Uploaded by whitehouse on Jun 17, 2009
As the culmination of a months-long process in which the President consulted with the most expert and experienced regulators, leaders in Congress, and his entire economic team, he announces his vision for desperately needed financial regulatory reform. A major brick in the new foundation for Americas economy. June 17, 2009. (Public Domain)
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We should invite 20 million illegals to go home, fix their own countries & /or make a better life in Mexico. We already invite a million people legally; each yr. more than all other countries combined annually. We must not allow anarchy at R borders, more anarchy within our borders and growing lawlessness at every level in R nation. Americans, don't U think It's time to stand up for R country, R culture, R civilization & R- way of life
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Obama may not be the worst president yet, but he's working on it. In the campaign he said, I'm campaigning in all "57" states.
As president, he has backtracked on About Every Campaign Promise He Made! The economy still in the toilet, country racking up trillions in debt, his foreign policy a joke "why R we in Libya" Does he have any successes other than health care ? Congress forced that through, Obama signed it despite voters didn't want it? He's a failure on all fronts
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I dont know why there is such an outcry against this. It's the logical thing to do: guidlines must be set in stone so that businesses cannot perform disorderly conduct and stay honest to consumers. Do people with a conservative mindset believe the government will all of a sudden takeover the free market and create a total socialized state? Sheesh at least have some realistic paranoia
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Debit card »
Visa, MasterCard Plunge as Fed Issues Rules to Cut Debit Fees
Dec-16-2010---The Federal Reserve Board proposed new rules to curb debit-card fees, offering alternative plans that are likely to aid retailers and cut profit for US lenders who reaped about $15billion from interchange fees last year. Currently, The Fed rules would force networks to rely on transaction fees, which could be capped at 12 cents each.
GOVERNMENT MORTGAGE RELIEF
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What all this babble sounds like to me is that Obama wants the federal government to control every aspect of our lives by extending broader powers to corrupt, powerful banks and lending institutions.
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Why are they pushing for higher capital requirements
That will only cement the power of biggest banks, and make it much harder for new competition to enter the market.
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@catndryer: And we should allow wallstreet to continue without regulation? End up again where we were last year? These people need brakes installed.
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I'm going to speak my mind and I don't care who's going to create a psychological profile on me. Fellow citizens, do not be fooled by the minutia. What we have just witnessed is the largest banks using their clout to create a situation where they could swallow up most others. Obama (The FED) is now pushing to strengthen the FEDs control over these large banks, thus centralizing vast amounts of power. What this power will be used for is mere speculation, but it wont be good.
Dannyboy8155 2 years ago 4
There is absolutely nothing Obama says in this speech that ANY intelligent person would argue with. It is a carefully crafted speech designed to sell a 1300 page Bill that grants unprecedented NEW POWERS FOR THE PRESIDENT OF THE UNITED STATES. Of course....it never says that......not once. It asumes that you are too stupid to do your homework.
DO YOUR HOMEWORK FOLKS.
catndryer 1 year ago 2