Monday, June 28, 2010

Stop the Dodd-Frank Financial Overhaul

Barney Frank and Chris Dodd are not intelligent enough to have written such an enormous, convoluted, power-grabbing, screw big business and the taxpayer, financial reform bill. Dodd even said he didn't know what all was in this bill. It does not even address the whole FNMA, Freddie Mac de-regulation or the credit rating agencies that rated packaged mortgage securities as AAA, that contributed to the financial crisis. Come on, people! It might have their names on it, but this was written, once again, like the health care reform bill, behind closed doors, by people we can only guess about, and passed out of committee at 5:39 am! Do these people not like the light of day? Apparently would stink too much. Let's not let anything pass until they pass a budget...and keep them locked in their room until they do. If no budget gets passed, too bad, so sad, perhaps they should not get paid next year. I want to be the new salary Czar!

For more information on what is actually in this bill, The Heritage Foundation in "The Morning Bell" column, breaks it down in easy to understand sections.

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