And not to worry there Agent Orange with the color you are you’ll have no problem ‘glowing’ in the dark of night… lol lol lol

Just in time for Halloween! ;0)

 

Feisty Redhead Roselle, IL (Sent Thursday, October 15, 2009 1:23 PM
===================================
What a racist.  I thought the color of someone's skin made no difference to you.

Barney Frank

What a joke. Another lib that belongs behind bars for his role in Fannie Mae and Freddie Mac.

Without a public option this bill is worthless.

If they want to bring costs down then they need a plan that is needs based not profit based. The Exchange is a ridiculous idea. Does anyone really think that somehow insurance companies are going to say OK, now there's competition I'll cut my profits and charge less. NO. This is capitalism. You get what you pay for. A lower premium will inevitably mean less care and more cost shouldered by you at the backend. Or worse still the government will subsidies their shortfall in profits.

A public option available to all and with no subsidies to the private insurers is reform. That is real competition. That will force the insurers to think more about people than profits or they will be out of business.

Well, if Barney came up with the idea, then that's good enough for me!

I'm not sure if anyone else has thought like me..but I swear I already thought there was a consumer protection agency (CPA..flashy badges n all)! It seems like an obvious idea and only natural to have one..and I predict there will be one. More people to police the markets doesn't hurt..the only issue is making the CPA an apolitical organization, no matter who is POTUS.

ABOUT TIME !!
Using extreme leverage with Derivatives turned Wall Street into a Casino

The Wall Street Executives GOT RICH, Win or Loes

We got left holding the bag and bailing out Wall Street

Let's start common sense regulation of the Economy
Even Greenspan admitted that 'Laissez Faire' FIALED
Deregulation FAILED
Deregulation is a SCAM

Thank you Barney Frank !!
Thank You, President Obama
Thank You, Nancy Pelosi

Finally some common sense.

Correct me if I am wrong, but weren't these regulations in place when Bush took office? Didn't Roosevelt put these laws nito place in the 30's?

When a Washington DC pol says they are "regulating" something on Wall Street, they mean they want a cut of the action. It's kind of like the local bully going around the neighborhood collecting "Protection Insurance".

You like to state the number of people who die without health insurance.  How many die with health insurance?  What does this arbitrary number you spout prove?

chris, alabama (Sent Thursday, October 15, 2009 12:55 PM)
___________________

Seriously?  I’ll go real slow for you…  

IT   PROVES   THAT   45,000   PEOPLE   DIE  EVERY   YEAR     WITHOUT  ACCESS  TO  HEALTH  CARE   THAT MIGHT   HAVE  SAVED  THEIR  LIVES!

THEY   DIDN’T  STAND  A  CHANCE   THANKS   TO   THE   STATUS   QUO!

If you believe that's okay here in America... well... you're another shining example of why I DEPLORE conservatism!

And do your own damn homework… we put the facts out there and because they’re not to you liking you don’t want to accept them!  

Find yourself some #’s that suit your taste! Best of luck to you!

Clara/Anita: Thanks girlz the back up!  You're right on target Clara - why they're trying to defend racism is beyond my wildest imagination!

did anyone catch Jon Stewart last night?  I thought he did an excellent 'expose' on the 11 senators that voted AGAINST holding Blackwater accountable for actual rape crimes in Iraq (vis a vis - withholding funds)

He then went on to show several of the eleven, practically apoplectic over defunding ACORN.  It was priceless.

This bill seems like a no brainer; but just you watch, it will get the same derision.
^^^^^^^^^
I misspoke earlier, Racism is not a hate crime (it can sometimes lead to hate crimes); I exaggerated a bit to make a larger point.  Yes, Bill - it was hyperbole.  I apologize.

MSierra SF:  You are right on. Most people underestimate President Obama's strength.  He will score when he has an open shot. (It's b-ball season in Indiana)
Ron Indiana


Obama is 0-129 so far, and seems to be quite the ball hog. Maybe he should just play defense? Or maybe just ride the pines.

Finally some common sense.

Correct me if I am wrong, but weren't these regulations in place when Bush took office? Didn't Roosevelt put these laws nito place in the 30's?
Saint Dick, Dallas, TX


These laws are so complicated that only a genius like Barney Frank can misunderstand them correctly.

Some nitwit with cap-ides wrote: IT   PROVES   THAT   45,000   PEOPLE   DIE  EVERY   YEAR     WITHOUT  ACCESS  TO  HEALTH  CARE   THAT MIGHT   HAVE  SAVED  THEIR  LIVES!

It's been proven that if you at any point in your life have been born, you may at some point die.

What a racist.  I thought the color of someone's skin made no difference to you.
__________

Since WHEN is ORANGE a skin color?

Show me a document asking for your ethnicity where it lists ORANGE as a CHOICE!

Nice try... but you're still getting sloppy!

Finally some common sense.

Correct me if I am wrong, but weren't these regulations in place when Bush took office? Didn't Roosevelt put these laws nito place in the 30's?
Saint Dick, Dallas, TX


With all the attention on the Senate, Barney was starting to feel left out, so when that happens, he passes bills that are already law. It also has the advantage of keeps=ing Barney off the streets at night.

Reinstate Glass-Steagal NOW!

Louisiana CoCo:

No, no ducky...it was George W. Bush:

OTS Director at the time, John Reich (appointed by Bush ) announced the final decision to go ahead and implement the proposed revisions in four main areas of its existing Community Reinvestment Act (CRA) regulations to reestablish uniformity between its rules and those of the other federal banking agencies. Reaffirming the basis for the revised rules as first proposed, Reich stated, "OTS is making these revisions to promote consistency and facilitate objective evaluations of CRA performance across the banking and thrift industries. Consistent standards will allow the public to make more effective comparisons of bank and thrift CRA performance." He noted that the changes reinforce CRA objectives consistent with thrifts' performance in meeting the financial services needs of their communities.

one more thing...

In October 2000, to expand the secondary market for affordable community-based mortgages and to increase liquidity for CRA-eligible loans, Fannie Mae committed to purchase and securitize $2 billion of "MyCommunityMortgage" loans In November 2000 Fannie Mae announced that the Department of Housing and Urban Development (“HUD”) would soon require it to dedicate 50% of its business to low- and moderate-income families." It stated that since 1997 Fannie Mae had done nearly $7 billion in CRA business with depository institutions, but its goal was $20 billion.

In 2001 Fannie Mae announced that it had acquired $10 billion in specially-targeted Community Reinvestment Act (CRA) loans more than one and a half years ahead of schedule, and announced its goal to finance over $500 billion in CRA business by 2010, about one third of loans anticipated to be financed by Fannie Mae during that period.

Regulatory changes 2005:In 2002 there was an inter-agency review of the effectiveness of the 1995 regulatory changes to the Community Reinvestment Act and new proposals were considered.

If you need further facts...I'll be glad to provide them to you.

Gallup says Hillary is more popular then Obama. Heck, Charlie Manson is more popular then Obama. He makes more sense too.

Louisiana CoCo: '...What a joke. Another lib that belongs behind bars for his role in Fannie Mae and Freddie Mac...'

George Bush was President at the time
Does HE have any oversight ?
What do 'Deciders' DO anyway ?
(Besides LYING about WMDs)

Bush was pushing his 'Ownership Society' at the tiem
Trying to increase Home Ownership
Thaink THAT had anything to do with Fannie Mae ??

DeRegulation FAILED
Laissez-Faire FAILED
Even Alan Greenspan admitted it

The Republicans FAILED AMERICA !!

Health Care Reform will cure dandruff!!

Feisty Redhead Roselle, IL

No problem. They are trying to defend racism because they got called out for it when Rush Limy got busted. I expected them to do it. I guess they figure that because that made the token Steel the face of the RNC it would make a difference.

They forgot one thing that I doubt they'll ever get. The AA community is aware of who they are, what they are and what they represent.

This is so dumb.  Over-regulation is what caused the financial crisis last fall.  Contrary to liberal talking points, which are hell-bent on destroying private enterprise, and establishing a feel-good union where everyone gets equal compensation and everyone's assets are equally divided among the entire world's population, the over-regulation of the American financial system created a moral-hazzard where bankers took excessive risk because they knew that a bailout was coming.
Let's end this silly fringe lunatic leftist mentality and get back to hard work, debt averse, free enterprise mindset that made America great.

Feisty and Anita, do you have ANYTHING else to do with your days?  Do you have jobs, or families?  

Correct me if I am wrong, but weren't these regulations in place when Bush took office? Didn't Roosevelt put these laws nito place in the 30's?
---------------------------------------------

The Roosevelt-era laws were severely weakened during the Clinton administration. You can blame Clinton for signing the bills that weakened existing regulations, but it was folks like Phil ("America is a nation of whiners) Gramm and Dick (the astroturfing tea bagger) Armey who pushed for deregulation.  That's what happens when a Democrat like Clinton gives in to the con artists of the right. I hope Obama isn't going to repeat the same mistakes.

Saint Dick, Dallas, TX: '...Correct me if I am wrong, but weren't these regulations in place when Bush took office? Didn't Roosevelt put these laws nito place in the 30's?...'

Saint Dick, YOU'RE WRONG
FDRs regulations have been slowly whittled away
The BIG change was the Gramm-Leach-Bliley bill that stripped away banking regulations
Clinton signed that bill

Bush was removing regulations put in place by FDR
Time to do some reuglation

They have gutted the consumer protection agency bill already, the final bill will be a joke, in case you haven't noticed people the cats with the money own Congress and there is no meaningful legislation going to pass "pro" consumer, look at the Baucus healthcare bill what a total shame, it would be best if Congress done nothing because if anything passes it will be geared to squeeze the working man, our government is not ours.

A legitimate question remains: "If everyone was concerned about extravagant executive compensation at bailed out firms...and nothing was done about it...why is that?

We all recognized it was a problem. Presumably the government was going to plug the loop-holes. So what happened? And who should we hang?

They have gutted the consumer protection agency bill already, the final bill will be a joke, in case you haven't noticed people the cats with the money own Congress and there is no meaningful legislation going to pass "pro" consumer, look at the Baucus healthcare bill what a total shame, it would be best if Congress done nothing because if anything passes it will be geared to squeeze the working man, our government is not ours.

As usual, only one GOPer has the guts to actually vote for what is best for America, and not what Stelle or Beck tell them to.

They have gutted the consumer protection agency bill already, the final bill will be a joke, in case you haven't noticed people the cats with the money own Congress and there is no meaningful legislation going to pass "pro" consumer, look at the Baucus healthcare bill what a total shame, it would be best if Congress done nothing because if anything passes it will be geared to squeeze the working man, our government is not ours.
MK,MO
-----------------------

I see that you haven't been following what's been happening. First of all...the Baucus bill out of the Finance Committee isn't final...it's just a start. There will be deletions and additions before the bill gets to the President. It isn’t law just yet…

First Read--please put the schoolhouse rock cartoon back out here. It's what's needed for the "big" children to understand what is happening and how government works.

Anita:

What the hell does CRA have to do with your unbelievably nonsensical post above?

Boehner and partner are calling for transparency but how do the republicans vote on the derivatives transparency issue? The committee passed the bill on a vote of 43-26, with lone Republican Rep. Walter Jon (R-N.C.) voting in favor alongside all Democrats. Leaders in the House are hoping for votes in November, however it will likely take the Senate longer to take up the legislation
When Boehner speaks he would help us out by telling us which side of his mouth he will speak from.
I'm originally from Ohio and got used to listening to this man. He talks values all the time but in his mind values really have a $ sign that directs money to his wealthy neighbors and little to the poorer members of his district. It has been a little less of a problem once he redistricted to nearly all suburban wealthier areas. He did have some of the poor southeastern parts of Ohio but got rid of most of them. He never helped them anyway.

What a racist.  I thought the color of someone's skin made no difference to you.
__________

Since WHEN is ORANGE a skin color?

Show me a document asking for your ethnicity where it lists ORANGE as a CHOICE!

Nice try... but you're still getting sloppy!
Feisty Redhead Roselle, IL (Sent Thursday, October 15, 2009 1:58 PM)

---------------------------------------------------

Now, now, I believe we need to acknowledge when a valid point has been made...

As a society, we should not discriminate based upon religion, race, skin color, sexual orientation or general use, abuse, misuse and overuse of spray tanning!

By the way, folks, one of the primary reasons that we conservatives don't have a lot of positive things to say here is because saying something positive is implicitly defined by you as agreeing with you.

Does that clear things up?

Without giving it away, the single most hilarious part of the Michael Moore film about Capitalism is when he asked how Derivatives work and the brightest minds could not give him a straight answer.  This issue is so complex that it absolutely cries out for oversight, so that what happened in September of 2008 never happens again.

Feisty and Anita, do you have ANYTHING else to do with your days?  Do you have jobs, or families?  
Try giving them some attention instead of First Read
------------------

If you need a job, you can work for me. Actually I'll be signing off soon...it's raining here and I have service calls to make due to bad infrastructure. You know…underground cables and out dated electrical grids… no pings, no service.

$250 to seniors. More Keynesian economics from the Obama crowd. Print enough money and give it away to non-productive people (retirees don't produce anything) and that somehow is supposed to create jobs and improve the economy. We see the results so far, not too good.

The only reason the dow is above 10,000 is because of the profits by the banks. Getting TARP money from the government at 0% interest and then loaning it out at 6% will do that of for that sector of the market. The banks, and the housing industry which is also be propped up by the government with $8000 rebates for each new buyer purchase, will both collapse when that money runs out.
Banker Fred (Sent Thursday, October 15, 2009 1:43 PM)
====================================================

Banker Fred,

You must own one of the banks that is failing since you don't know anything about economics. I may not know economics very well either but I DO know a enough about history to know that it was Keynesian economics that got us out of the depression that supply side (Smithian?) economics got us into.  Before the WWII effect took over, Keynesian economics took unemployment from 25% to 10%.  When WWII took over, guess what that was?  Massive government spending.  And the debt incurred by all this Keynesian type economics?  Well, since the policies were still in place, it took only 5 years to pay it off when all the supply siders of the day had been crying that it would never be paid off, stiffle growth and cost jobs . . . oops!

SUPPLY SIDE ECONOMICS DO NOT WORK!  This is not theory, it's been tried throughout our history and has always caused major recessions or depressions (yes, there have been other depressions before the 1930's) and extreme up and down cycles of the economy that only benefited the rich.  It's the collective amnesia of the idiots who continue to elect supply side cheerleading politicians who LIE to them that keep giving us Presidents and Congresses that keep implementing supply side economics.

And a cry for some grammar and spelling lessons (I'm not always perfect but it is mostly due to fat finger syndrome or not proofreading before posting).

1. Please learn the difference between 'then' and 'than'.  Then you can sound at least semi-intelligent rather than just plain stupid.
2. Please learn the difference between 'there', 'their' and 'they're'.
3. It is 'a lot' not 'alot'.
4. Punctuation is always nice.
5. Spelling correctly is good (but eveyone should be forgiven the occasional misspelling, fat finger or dyslexic error).

I know I've missed a few but you get the idea.

Good for Barney Frank.  It's about time we re-implement the banking regulations FDR established; regulations which prevented banking meltdowns until Reagan began dismantling them for his trickle down, voo doo economic system--and not long after Reagan changed it, we had the savings & loan crisis.  But everyone of both parties ignored the warning and in the 90's, even more regulations were eliminated, Clinton didn't veto it either, add the infamous Graham-Leech-Bliley and the house of cards built on sand was finished.  The only surprise should be that the system didn't collapse sooner.  This is what Government is for:  to protect the American people from greed and corruption.

Franks was on Rachel Maddow last night talking about another piece of legislation passed which will require company bonuses to be approved by stockholders.  Makes sense to me.  It was passed in 2006 and 2007, but nothing was done in the Senate because Bush planned to veto it.  Multi-million dollar bonuses paid to Wall Street employees EVEN when their scheme failed and lost money should make every person, regardless of party, angry.  Those are the bad guys, not Government.  Government was forced to step in to prevent everyone of us from losing every dime we had in banks across this country.  Don't blame Bush or Obama for bailing them out to prevent total collapse, blame the belief that all Government regulation is evil.  Instead focus on the real criminals in the giant Wall Street Ponzi scheme.  Be angry at them and demand that We the People be protected from people who don't care; failure to regulate and they'll continue to take huge risks and pocket their millions and laughing that once again the tax payer will be forced to fix it.

Republicans are back to carrying the water for the crooks on wall street. When will we see some jail time from some of these crooks who robbed us all blind and then got bailed out by bush?

I'm in love with Louisiana CoCo.

Anita

Don't you have a house to clean or something?

The new regulations that will derive from the effort to regulate derivatives will in effect create derivatives of the current regulations.

At least we'll be better off when we're all regular.

Matthew:

Suffice it to say that there are probably hundreds of real economists that would disagree with you, as well as an equal number who wouldn't.

Like your post, nothing is proved and you simply take the side that supports your basic political stance.

There are arguments out there by prominent economists that FDR's actions based on Keynsian tenets actually extended the depression.

Which proves nothing.

It is too bad that such regulation or agency is even necessary but when entities behave badly and people lose a lot of money they leave us no choice but to protect people from further such greedy behavior but those entities. Financial and insurance companies are particularly bad because they handle so much of our money. We trust them and they screw us. We regulate food and drugs because of how those companies misbehaved now banking and insurance have their turn at regulation due to bad behavior. Money is not the root of evil,,,greed is.

These laws are so complicated that only a genius like Barney Frank can misunderstand them correctly.

Joey Crawford, CA (Sent Thursday, October 15, 2009 1:52 PM)

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
With all the attention on the Senate, Barney was starting to feel left out, so when that happens, he passes bills that are already law. It also has the advantage of keeps=ing Barney off the streets at night.
Hope Change (Sent Thursday, October 15, 2009 1:59 PM)

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

I am sorry, but apparently republicans didn't catch the irony I was putting into my post - I did say they were in place when Bush took office, and now they have to be put back on the books. I know Clinton, along with Repubs started it, but it took a full blown, all out effort by Bush (sarcasm again) to get the Republican Congress' help to destroy what was left and yet the Repubs continue to think Obama needs to clean their diaper again - note Clinton's surplus - in less than a year.

I apologize if it seems like I was baiting you, I thought my line of thinking was obvious.

Be angry at them and demand that We the People be protected from people who don't care;

Jody, Iowa

Jody, I want to join your club. I notice how no one from the opposing camp trounces you, they tend to lay off you because you make so much sense and say it so perfectly. If you're giving common sense lessons, where can I buy your book?

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