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To: RetiredNow who wrote (260651)	7/14/2010 10:24:36 AM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

All they had to do was reinstate glass-steagall, rescind Gramm-Leach-Bliley and beef up antitrust laws to handle TBTF. They couldn't do it. I knew for sure it was a failure when Hank da Snake endorsed it...... So Obama's now 0 for 3, not counting immigration or DWH: Imperial Wars rage on, Finreg is a bust, Health care reform was nothing of the kind.

To: RetiredNow who wrote (260651)	7/14/2010 1:07:59 PM
From: tejek	Respond to of 306849

This is politically troubling for the two dominant parties: It is bad for Democrats, who are seen as bumbling and incompetent. Despite having bigger majorities in both Houses than George W. Bush did, they were unable to pass substantial legislation without having it substantially watered down by lobbyists. But it may be worse for the GOP, who are seen as married to an intellectually bankrupt ideology, steadfast opponents of all reform, and way too cozy with Wall Street. Its too bad Americans see it this way. Its not what I understand to be the reality: Lobbyists Can't Get in Door Wall Street Finds It Hard to Reach Lawmakers to Lobby on Financial Overhaul "One bank has complained that it no longer has access to House Financial Services Committee Chairman Barney Frank (D., Mass.), whose schedule has filled up to accommodate negotiations with his Senate counterparts during the next two weeks. Mr. Frank and the top Republican on the House Financial Services Committee, Rep. Spencer Bachus (R., Ala.), also have postponed scheduled fund-raising events since the conference held its first meeting on Thursday. Messrs. Frank and Bachus are among 43 lawmakers responsible for hammering out differences in the bill, which will have a broad impact on how banks are regulated and do business. There are three reasons why bending the ear of lawmakers suddenly has become a bigger challenge for financial-services industry lobbyists. Some lawmakers want to avoid even the slightest appearance that Wall Street is getting one last chance to throw its weight and money around on key provisions of the bill, including toughened oversight and other banking and securities cash cows." online.wsj.com

To: RetiredNow who wrote (260651)	7/14/2010 2:14:46 PM
From: tejek	Read Replies (1) \| Respond to of 306849

Fed saw no need in June to respond to slowdownExplore related topics By Greg Robb WASHINGTON (MarketWatch) -- Federal Reserve officials concluded at their June policy meeting that the pace of the recovery was likely to be slower than they had earlier hoped, but they saw no immediate need for more easing of monetary policy, according to a summary of their June 22-23 meeting released Wednesday. Officials agreed that it would be a good idea to study what steps "might become appropriate" if the economy took a sharp downturn. Fed officials did not appear overly alarmed about a slowdown. None of the 17 top Fed policymakers are forecasting a double-dip. Only a few cited some risk of deflation. The Fed's formal forecasts made slight downward revisions to growth and inflation in 2011 and 2012 and saw a slightly higher unemployment rate in 2011.