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To: tejek who wrote (261198)7/15/2010 5:20:06 PM
From: RetiredNowRead Replies (2) | Respond to of 306849
 
I don't count passing an ineffective bill as an accomplishment. That's the real game going on here. That pisses me off as much as Bush's "Mission Accomplished" tour which preceded the next 7 years of war.

If you want to say the Dems accomplished something on FinReg, show me where it forces a separation of commercial and investment banking activities. Show me where it forces ALL derivatives to be regulated and traded on open markets with no exceptions. Show me where it prohibits our government from bailing out banks, insurance companies, or any other private enterprise when those companies take stupid risks that would otherwise result in their bankruptcy. Show me where it prohibits the Fed from printing money without a specific and limited mandate from Congress. Show me where it limits the Fed from purchasing toxic assets from banks or insurance companies or guaranteeing toxic assets from the same.

As I said, this FinReg bill isn't worth the 2,300 pieces of paper it was written on.