"Democrats conceded yesterday that it is not clear whether the new regulations will prevent future problems....
WHAT?
“It will take the next economic crisis, as certainly it will come, to determine whether or not the provisions of this bill will actually provide this generation or the next generation of regulators with the tools necessary to minimize the effects of that crisis.’’
(Blog editor sighs in strained disbelief)
Who said that?
For Senator Christopher J. Dodd, a Connecticut Democrat and a primary author of the legislation who is retiring this year, yesterday marked a legislative triumph and capped a 30-year Senate career."
Wow.
A career capped by failure.
"Brown will back financial overhaul; Support from 3 in GOP likely to seal passage; Vote, win for Obama could come this week" by Matt Viser, Globe Staff | July 13, 2010
WASHINGTON — Senator Scott Brown yesterday helped put President Obama on the verge of a major political triumph by coming out in support of a massive financial regulation overhaul, probably giving Democrats enough votes to pass the landmark bill as early as this week.
Related: Finance Bill Almost Finished
So they bought off Brown and his Wall Street contributors gave him the green light.
Hours after Brown’s announcement, Senator Olympia Snowe joined her fellow Maine Republican, Senator Susan Collins, in backing the legislation. Senate Democrats believed the support from the trio of New Englanders puts the measure on track for passage....
Brownie gives them good cover, if you get my whiff.
Senate majority leader Harry Reid said he expected to hold a vote on the legislation this week, sending it to Obama for his signature.
The announcement by Brown, who many expected to help stifle the Democratic agenda, marks one of his most important decisions since arriving in Washington five months ago and enables the Massachusetts Republican to continue positioning himself as a potentially decisive vote.
He signed onto the legislation only after winning several changes that benefited Boston-based
Related: The Looting Lobbyists From Massachusetts
Executive Payday: State Street Escape
Now we know who helped him.
He also used his leverage as a key swing vote to force top House and Senate lawmakers, including House Financial Services Committee chairman Barney Frank, to change how the bill is financed.
Although Democrats embraced Brown’s support of the financial regulation bill, they have so far not been able to win his support on legislation that would extend unemployment checks for millions of Americans and hundreds of thousands of Massachusetts residents. Reid is hoping to bring that issue up again this week. The unemployment extension failed two weeks ago by a single vote....
Yeah, there is something else he is putting the kibosh on later!
Democrats control 58 votes in the Senate, but one, Russ Feingold of Wisconsin, is opposed to the bill. That put Democrats three votes shy of the 60 needed to stop a filibuster.
Amazing how they ran around that filibuster for the health tax.
Filibuster really means f*** you, America!
As a result, four Senate Republicans who supported the initial version of the bill were courted for their votes. Three of them — Brown, Collins, and Snowe— now have publicly said they will support the final bill.
Doesn't the paper make the extortion and threats of politics into such a wonderful thing?
They are COURTING YOU, dear $enate $cum!!!
When is someone going to COURT YOU, America?!
I mean YOU AIN'T EVEN GETTING KISSED before they SHOVE IT you know where!!!!
Senator Chuck Grassley, an Iowa Republican who backed the Senate version, has said he is concerned with some changes that were made to help pay for the bill, and Senate Democrats are not counting on his vote. A spokeswoman for Grassley did not respond yesterday for requests for comment.
Translation: Grass is irrelevant now.
Another possibility would be to delay the vote until West Virginia Governor Joe Manchin names a temporary successor to the late Senator Robert C. Byrd, who died last month.
Manchin said yesterday that he would fill the vacancy no earlier than Friday, and no later than Sunday.
What is with all the deceptive and speculative BS posing in print as news, people?
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Also see: Agency has teeth, panelist says
The Wonder Woman of Wall Street
How many banksters can fit in that golden lasso?
Oh, and about embracing Brownie:
"Brown’s opposition dims chances for campaign finance overhaul
WASHINGTON — Senator Scott Brown said yesterday he would oppose a new campaign finance overhaul that would require further disclosures of campaign contributions, dimming prospects for the bill’s passage.
Related: The U.S. Senate's Chief Brownnoser to Israel
You see why he is stopping that, right?
The Massachusetts Republican had been a key target of Senate Democrats seeking to pass the Disclose Act. The measure is a response to the ground-shifting Supreme Court ruling in January that lifted most restrictions on corporate and union funding of political advertisements.
Related: Clear the Court: Signing the Campaign Checks
Countering the Court: Your Political Fix
LITERALLY RIGGING their own REELECTIONS, readers!!!
Brown argues that the new legislation would particularly help Democrats and would be implemented several months before crucial midterm elections....
And blocking it helps himself and his Wall Street masters.
The measure was approved last month in the House, but it has yet to gain the 60 votes needed in the Senate to overcome a Republican filibuster.
There is that gatepost, 'er, finger-flip to the public in the way again (the same finger they stuck up you *** on health care!).
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Back to Washington and Wall Street via the MSM express!
"Democrats have enough votes to pass finance bill
WASHINGTON — President Obama has secured the 60 votes he needs in the Senate to pass an overhaul of financial regulations, all but ensuring that he soon will sign into law one of the top initiatives of his presidency.
With the votes in hand to overcome Republican delaying tactics, Senate majority leader Harry Reid took steps yesterday to end debate on the bill, setting the stage for final passage, perhaps tomorrow....
Passage would represent a signature achievement for the president four months after he signed massive health care legislation into law.
Then why is he dropping like Bush in the polls?
Because he is acting just like him?
That poll says 44, but I think it's about 22.
It's a MSM poll, after all; however, other factors may be at work behind closed doors and concealing headlines.
I think you are looking at a combination of factors there, and was wary of a dip in the Zionist-sponsored MSM polls.
The final vote comes amid lingering public resentment of Wall Street, but the legislation’s symbolic and political impact is likely to be diminished by anxiety across the country over jobs and the economy.
It isn't just lingering resentment, newspaper; it is BURNING, BALD-FACED RAGE!!!!!!!!!!!!
Reid acknowledged that political reality yesterday, blaming “greed on Wall Street’’ for the country’s economic troubles.
“It triggered the recession,’’ he said. “It’s what suffocated the job market and robbed trillions of dollars of people’s savings — trillions.’’
And WhereTF were YOU GUYS?
SCOOPING UP the CAMPAIGN KICKBACKS disguised as CHECKS!
Oh, and "they" ALSO MADE BILLIONS OFF the WHOLE THING!!!
Support for the bill jelled yesterday after conservative Democratic Senator Ben Nelson of Nebraska confirmed he would vote for the bill after raising concerns the previous day.
Obama noted that the bill is getting backing from Republican Senators Scott Brown of Massachusetts and Olympia Snowe and Susan Collins, both of Maine....
R, D, what the f*** is the difference? Both captive to the same interests: Wall Street, the Military-Industrial-Complex, and Israel.
Oh, and look who is going to fix all the budget problems for Obama: Lew the Jew!
"Financial rules overhaul OK’d; 3 N.E. Republicans help assure Senate passage; vote gives president a second big legislative win" by Matt Viser, Globe Staff | July 16, 2010
WASHINGTON — The US Senate yesterday passed a sweeping overhaul of financial regulations, getting crucial support from three New England Republicans in a vote that hands President Obama a major legislative victory as his party heads into midterm elections....
You can dress a turd up in fancy clothes; however, it still stinks, MSM.
The bill marks the second major legislative victory for Obama, rivaled only by the hard-fought passage for an overhaul to the nation’s health care system earlier this year....
See: Health Bill Makes MSM Monitor Sick
Forced to take your "medicine," dear Americans?
Haven't written the regulations there, either, huh?
What the hell did you guys pass without reading?
The 2,300-page bill, designed to address the problems that led to the 2008 economic collapse, will be felt in nearly every corner of the financial world, from convenience store owners to Wall Street executives....
It was also a major victory for Representative Barney Frank, the Newton Democrat and chairman of the House Financial Services Committee. The bill has been named after Frank and Dodd....
I wouldn't want my name on that thing.
For Democrats, the bill’s passage came at a politically sensitive moment. The party has been in turmoil in recent days about the direction of midterm congressional elections, after White House press secretary Robert Gibbs said on Sunday that there’s “no doubt’’ enough seats are up for grabs that Republicans could seize control of the House. That declaration outraged top Democrats.
Rule number one this year:
Third-party first, ALL ISRAELI-SUPPORTERS and INCUMBENTS OUT!
And it seems like you can not tell the truth in America anymore, doesn't it?
Yesterday, Democrats immediately began using the bill as a key argument for why voters should reelect their members — with Gibbs now seeking to put a more positive spin on his political assessment....
Ummm, no, no, no, we wanted an END to the WARS and we DID NOT GET IT for the LAST FOUR YEARS!
In fact, they have ONLY EXPANDED since Democrats took control in 2006!
First their was Bush's FAILED surge in Iraq -- against the public will as Iraq's politics stand in shambles -- and then again with Obomber in Afghanistan.
And Obama has upped the missile strikes in Pakistan as the Congress has increased hostility with Iran.
No, YOU DemocraPs HAD YOUR CHANCE and YOU FAILED!
Republican leaders plan to make the bill an issue, too. They said it reaches too far into private business practices and doesn’t do enough to address some of the key economic problems, such as regulating mortgage giants Fannie Mae and Freddie Mac.
Separate issue I will address in a separate post at some point.
However:
“They’ve cleared the decks to use Fannie and Freddie as a vessel for whatever they want.... taking troubled mortgage investments off banks’ books.’’
And how much is that going to cost, readers?
"Obama’s budget seeks tax hikes on firms, rich; $1.1 trillion more sought in a decade" by Globe Wire Services | February 2, 2010
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More: MSM Xmas Gifts: To Fannie and Freddie
Heck of a gift, American taxpayers.
Yeah, chew on that for a while.
The two mortgage lenders, which are backed by the federal government, made risky loans that contributed to the economic collapse.
“It creates vast new bureaucracies with little accountability and seriously I believe undermines the competitiveness of the American economy,’’ said Senator Richard Shelby, an Alabama Republican and the ranking member on the Senate Banking Committee, calling the bill a “legislative monster.’’ “Unfortunately, the bill does very little to make our system safer.’’
While emotions did not run as high as they did during the health care debate, House minority leader John Boehner yesterday told reporters the bill is “ill-conceived’’ and “it ought to be repealed.’’
Too late now.
Where were you?
Attention now turns to the herculean task of implementing the law.
Regulators will be hired and granted new tools to watch over the vast financial industry....
Related: Wall Street Writing Washington Regulations
That's why it got through.
Still, even Democrats conceded yesterday that it is not clear whether the new regulations will prevent future problems. Much of that will depend on how the regulations are implemented in the coming weeks.
“It is not a perfect bill, I will be the first to admit that,’’ Dodd said. “It will take the next economic crisis, as certainly it will come, to determine whether or not the provisions of this bill will actually provide this generation or the next generation of regulators with the tools necessary to minimize the effects of that crisis.’’
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