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show me where it says in the Constitution that the feds can regulate banks? dont bring out the commerce clause, because all it would take is for a bank to not do business out of state and that would take care of that statement.
Actually the commerce clause doesn't give the feds power to regulate activity between the states.
It requires the feds to make sure there is free trade of goods and services between the states. South Carolina can't put a tariff or deny entry on something from Georgia.
That's what it was for. Until some jacka** lawyers got ahold of it.
The legislation will protect small banks and businesses by preventing the type of meltdown that deregulation caused. Who was hurt by the meltdown due to unfettered Wall Street greed - the middle class. The GOP and big banks were fine with the meltdown during the Bush administration while middle America faltered. The public still has not learned that the GOP doesn't have their interests at heart. The GOP is correct in one thing - say a lie often enough and folks will believe it. Don't know about you, but I sure got a tax cut this year and I am middle-class. Sure did not get that from Bush and the GOP.
The GOP represents big business, not the average guy.
The legislation will protect small banks and businesses by preventing the type of meltdown that deregulation caused. Who was hurt by the meltdown due to unfettered Wall Street greed - the middle class. The GOP and big banks were fine with the meltdown during the Bush administration while middle America faltered. The public still has not learned that the GOP doesn't have their interests at heart. The GOP is correct in one thing - say a lie often enough and folks will believe it. Don't know about you, but I sure got a tax cut this year and I am middle-class. Sure did not get that from Bush and the GOP.
The GOP represents big business, not the average guy.
Then perhaps you can explain why the GOP, all 41, signed a letter stating that they would not support this proposed legislation, because it would allow for the bailout of big banks? Seems the dems were ok with it.
Then perhaps you can explain why the GOP, all 41, signed a letter stating that they would not support this proposed legislation, because it would allow for the bailout of big banks? Seems the dems were ok with it.
Whatever the GOP said was for public consumption and just like their mantra of less tax and less govt. is most likely a falsehood told with the intent to deceive.
Then perhaps you can explain why the GOP, all 41, signed a letter stating that they would not support this proposed legislation, because it would allow for the bailout of big banks? Seems the dems were ok with it.
The banks would be taxed at a rate to pay for any future bailouts. That way if a bank was to big to fail the other banks not the taxpayer would cover the loss. I guess that Republicans would rather the taxpayer cover that loss.
Then perhaps you can explain why the GOP, all 41, signed a letter stating that they would not support this proposed legislation, because it would allow for the bailout of big banks? Seems the dems were ok with it.
Republicans contend that a provision creating a $50 billion fund for dismantling banks considered "too big to fail" would continue government bailouts of Wall Street.
The Republicans will only settle for a bill that the banks approve of...........one that does nothing.
Just another example of the GOP opposing good pro-middle class legislation.
It might be helpful, "padcrasher", if you would bother to find out what the hell you are talking about. You haven't a clue. To you, all government regulation is good.
Typical leftist. No clue. No ideas. Government is the answer to everything. Right?
...The problem wasnt that companies grew to the point of needing bailouts, the problem was that companies took risks that they were unable to afford to lose on.
..because they knew they would get bailed out. It's a bad precedent that should never be repeated. Mr. Banker Executive is going to think twice knowing the federal government isn't going to be there to bail him out.
Whatever the GOP said was for public consumption and just like their mantra of less tax and less govt. is most likely a falsehood told with the intent to deceive.
"The era of big government is over" -Bill Clinton
And what did we get? An extra 1 point 6 TRILLION dollars of debt.
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