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joether -> RE: Delays Derivatives Curbs until 2022! (7/15/2010 1:19:07 PM)
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To bad the source, is heavily laden with conservative idealogy. Here is the same story, but with better facts and less opinion: CNN's Money
Yes, the bill is so 'horrible', as it will create a Consumer Financial Protection Bureau. But then, conservatives are against anything Democrats do, not because of principle, but because they are. If Mr. Obama did 'A', conservatives would bash him for not doing 'B'. If Mr. Obama did 'B', conservatives would bash him for not doing 'A'. If Mr. Obama found a way, to incorporate both 'A' and 'B' together, without to many problems; conservatives would bash him for not doing 'C'. Conservatives don't have principles anymore. They are 'ok', with what Goldman Sachs did on the Dervivative market. In fact, most conservatives, couldn't tell you what a dervivative is and isnt. They just know, by blind fanaticism, if Mr. Obama is against something, they are for it.
We have watched this arguement by conservatives, ever since Mr. Obama took office. The only people, that seem against America recovering from the recession are conservatives. When was the last time, we heard a single conservative, explain financial matters at a national level, minus the heavy, opinionated bullshit?
quote:
““All told, this bill would impose 533 new regulations on individuals and small businesses,” Senate Minority Leader Mitch McConnell said this morning. “Once again, the administration and its Democrat allies in Congress have taken a crisis and used it, rather than solving it.” Source
Yes, those 'evil' and 'nasty' regulations, that will cause business to fold and people to lose their jobs. Typical conservative fear and ignorance. Yes, de-regulation is what the economicists are saying, led to the financial melt-down on Wall Street, of Fanny May/Freddie Mac. That without regulators, to oversee things, many large banks were allowed to do things, no sane investored would have done.....all for profit! And what happen? History. Of course, most conservatives, dont seem to understand financial terms to begin with. For example, how many conservatives on this forum, can give the correct economic defination to the word 'recession'? How do we know when one is taking place in our economy?
Oh, I forgot, I'm talking to conservatives. They can't handle any source, unless its from a conservative media. How about the Wall Street Jounral?
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