Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform

Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform (Full Version)

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Brain -> Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform (6/11/2010 10:21:33 PM)
Big Bank lobbyists would love to stick a knife in important provisions of the financial bill as quietly as possible. Unfortunately for them, the Democratic leadership has done everything it can to make quiet back room dealing difficult. They plan to televise proceedings of the conference for the world to see. Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform Everyday Americans have made big progress advancing legislation to rein in the recklessness of the big Wall Street Banks that led to the economic collapse and cost eight million Americans their jobs. Now we have to win one final battle to get a tough bill that will hold Wall Street accountable signed into law… 1). Wall Street is apoplectic over the Senate provision -- sponsored by Senator Lincoln of Arkansas - that would require them to separate their derivatives trading from normal banking operations that receive access to the cheap funds from the Federal reserve that are available to commercial banks. http://www.huffingtonpost.com/robert-creamer/big-banks-make-desperate_b_608730.html

Owner59 -> RE: Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform (6/11/2010 10:24:23 PM)
Lemmi guess lemmi guess who`s for weakening reform......... Damm this is a hard one........ Damm! Can you give us a hint? [:D]

Brain -> RE: Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform (6/12/2010 12:35:33 AM)
Repugs? FTA: In 1947, the financial sector represented only 2.5% of our gross domestic product. In 2006, it had risen to 8%. In other words, of every 12.5 dollars earned in the United States, one dollar goes to the financial sector, much of which, let us recall, produces nothing. Wall Street's expansion is one big reason that most of America's economic growth during the last decade flowed into the hands of investment bankers, stock traders and partners in firms like Goldman Sachs. The Center on Budget and Policy Priorities reports that fully two-thirds of all income gains during the last economic expansion (2002 to 2007) flowed to the top 1% of the population. And that, in turn, is one of the chief reasons why the median income for ordinary Americans actually dropped by $2,197 per year since 2000. Time to cut off one more siphon that the big Banks use to extract money from the pockets of everyday Americans -- and the real economy -- and transfer it into the hands of Wall Street Bankers. Lobbyists for the big Banks say that if Congress includes Durbin's interchange fee provisions the costs will be born by everyday people. If that were so, the big Banks wouldn't be lobbying so hard to prevent it from being included in the final bill.

Fellow -> RE: Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform (6/12/2010 12:42:08 AM)
quote: Unfortunately for them, the Democratic leadership has done everything it can to make quiet back room dealing difficult. They plan to televise proceedings of the conference for the world to see. Unfortunately the Democratic leadership is the integral part of Corporatocracy along with the Republicans. Televised vote proceedings of the backroom gutted bill does not make much difference.

popeye1250 -> RE: Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform (6/12/2010 12:49:58 AM)
Screw the banks, they should have let them go into bankruptcy. Instead the govt "rewards" failure!

Brain -> RE: Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform (6/12/2010 1:11:18 AM)
That's fine if it's true, then Democrats will pay the price on election day. I think Lincoln’s provision will be effective but I can’t stand the bitch after what she did on health care. quote: ORIGINAL: Fellow quote: Unfortunately for them, the Democratic leadership has done everything it can to make quiet back room dealing difficult. They plan to televise proceedings of the conference for the world to see. Unfortunately the Democratic leadership is the integral part of Corporatocracy along with the Republicans. Televised vote proceedings of the backroom gutted bill does not make much difference.

Brain -> RE: Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform (6/12/2010 1:14:09 AM)
I agree with you, Bush should have let them fail. quote: ORIGINAL: popeye1250 Screw the banks, they should have let them go into bankruptcy. Instead the govt "rewards" failure!

pahunkboy -> RE: Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform (6/12/2010 4:47:08 AM)
Why not take them all to Disneyland?

popeye1250 -> RE: Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform (6/13/2010 1:25:53 PM)
quote: ORIGINAL: Brain I agree with you, Bush should have let them fail. quote: ORIGINAL: popeye1250 Screw the banks, they should have let them go into bankruptcy. Instead the govt "rewards" failure! Brain, Bush and Obama and Geithner should have let them go into bankruptcy. Who voted for all that T.A.R.P. money? Obama has surrounded himself with Wall Street insiders. This isn't about "helping the economy" it's about keeping wealthy people wealthy! And using Taxpayer Dollars to do it! "Meet the new boss, same as the old boss."

pahunkboy -> RE: Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform (6/13/2010 1:29:00 PM)
This country is finished. The banks have won. Just wait until the dollar devaluation.

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