Monday, April 26, 2010

Has Obama Even READ The Financial Reform Bill?


President Obama said today:

The reform that both parties have been working on for a year would prevent a crisis like this from happening again ...

Is that true?

Well, the chief sponsor of the bill Obama supports - Chris Dodd - said:

This legislation will not stop the next crisis from coming.
Breaking up the big banks, appointing real regulators, decreasing leverage, separating traditional banking from speculation, and reining in derivatives will stop the next crisis from coming.

The proposed financial reform legislation won't.



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3 comments:

  1. MichaelApril 26, 2010 at 7:06 PM

    I was once told "if you can't dazzle them with brillance, baffle them them with bullshit". . .

    ReplyDelete
  2. AnonymousApril 27, 2010 at 4:54 AM

    He didn't read the Health Bill either. He just goes out and says whatever he wants about a bill, true or false, and no one in the media ever says a thing. As Daffy Duck said, "Despicable".

    RBM

    ReplyDelete
  3. AnonymousApril 27, 2010 at 10:40 AM

    If there has been no complete audit of the federal reserve then how can it be true that..."Indeed, the IMF has already performed a complete audit of the whole US financial system"? Please explain

    ReplyDelete

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