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Forum Post: DAMN! I hate this guy! Let Wall St do what it does! Make me money!

Posted 2 years ago on July 1, 2012, 8:13 a.m. EST by ericweiss (575)
This content is user submitted and not an official statement

Obama Threatens to Veto Bill that Defunds Wall Street Reform
By Pat Garofalo
House Republicans, after failing to prevent the 2010 Dodd-Frank financial reform law from passing Congress, have attempted to undermine it by refusing to give Wall Street regulators adequate funds to do their jobs. Both the Securities and Exchange Commission and the Commodity Futures Trading Commission are short of the funding they require, and House Republicans recently voted in committee to fund the SEC $245 million below the Obama administration’s request for 2013.

However, should that funding bill actually reach President Obama’s desk, he has announced that he will veto it:

The 2013 Financial Services bill is heading to the House floor after being considered by the Rules Committee on Thursday.
“The bill severely undermines key investments in financial oversight and implementation of Wall Street reform to protect American consumers, as well as needed tax enforcement and taxpayer services. It also hampers effective implementation of the Affordable Care Act (ACA),” the White House statement reads.
House Republicans on the Appropriations Committee also recently approved a cut of $25 million to the CFTC’s budget.

Just ten days ago, the Republican chairman of the House Financial Services Committee admitted that Wall Street regulators do not have the resources necessary to do what Congress has asked of them. However, House Republicans have not acted to rectify the situation, instead bringing to the House floor a bill that would simply exacerbate the problem.

This article was published at NationofChange:

19 Comments

19 Comments


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[-] 4 points by brightonsage (4494) 2 years ago

The GOP continues to be more and more pro corruption every day. They aren't interested in making money, taking money is what they are all about. Scandal after scandal without remorse, or any attempt to stop, to punish or to prevent theft, is getting old

Even more repulsive are the tears shed to mourn the lack of removal of all restraints. Rabid dogs, spreading contagion.

[-] 1 points by vvv0630 (-63) 2 years ago

The Democratic Party continues to be more and more pro corruption every day. They aren't interested in making money, taking money is what they are all about. Scandal after scandal without remorse, or any attempt to stop, to punish or to prevent theft, is getting old

Even more repulsive are the tears shed to mourn the lack of removal of all restraints. Rabid dogs, spreading contagion.

[-] 1 points by DKAtoday (27542) from Coon Rapids, MN 2 years ago

And U R supposed to be a Jeffersonian? Where is your rage against the republicons?

Your Mask is slipping RustyButt.


[-] 0 points by vvv0630 (5) 0 minutes ago

The Democratic Party continues to be more and more pro corruption every day. They aren't interested in making money, taking money is what they are all about. Scandal after scandal without remorse, or any attempt to stop, to punish or to prevent theft, is getting old

Even more repulsive are the tears shed to mourn the lack of removal of all restraints. Rabid dogs, spreading contagion. ↥twinkle ↧stinkle reply permalink

[-] 0 points by vvv0630 (-63) 2 years ago

The rage against the Republicans was already posted in the comment I replied to, you moron. Suggest you read it and compare the wording. I was simply making sure your suck buddies at the DNC took it up the ass too.

[-] 0 points by DKAtoday (27542) from Coon Rapids, MN 2 years ago

Where you lying sack of shit? Your comment is in reply to Brightonsage who is rightfully confronting the GOP.

U come back with a rant against the democrats. Yep U R truly a fine Jeffersonian.


[-] 0 points by vvv0630 (5) 0 minutes ago

The Democratic Party continues to be more and more pro corruption every day. They aren't interested in making money, taking money is what they are all about. Scandal after scandal without remorse, or any attempt to stop, to punish or to prevent theft, is getting old

Even more repulsive are the tears shed to mourn the lack of removal of all restraints. Rabid dogs, spreading contagion. ↥twinkle ↧stinkle reply permalink


[-] 0 points by vvv0630 (5) 0 minutes ago

The rage against the Republicans was already posted in the comment I replied to, you moron. Suggest you read it and compare the wording. I was simply making sure your suck buddies at the DNC took it up the ass too. ↥twinkle ↧stinkle reply permalink ( NOT ).


[-] 0 points by vvv0630 (-63) 2 years ago

You truly are an idiot, DKAtoday. I took his comment, changed "GOP" to "Democratic Party", and reposted the rest verbatim as his accusations applied equally to both parties. You now intentionally try to obfuscate the obvious again with all your copy and paste bullshit. Paste away and be damned, LIAR.

[-] 1 points by MattLHolck (16833) from San Diego, CA 2 years ago
[-] -1 points by DKAtoday (27542) from Coon Rapids, MN 2 years ago

Again just like trashy U complain about things others do that U also do. Copy and paste copy and paste. U lame asshole.

Try berating both at the same time so as not to be misunderstood.

But then the repugs have nothing to lose as they are already in the public eye screaming FUCK YOU PEOPLE. Where as some - many dems are still voting for the public/people. So you try to bring all of the dems down into the mud with the repugs - sorry I don't agree - and your tactics suck.


[-] 0 points by vvv0630 (5) 1 minute ago

You truly are an idiot, DKAtoday. I took his comment, changed "GOP" to "Democratic Party", and reposted the rest verbatim as his accusations applied equally to both parties. You now intentionally try to obfuscate the obvious again with all your copy and paste bullshit. Paste away and be damned, LIAR. ↥twinkle ↧stinkle reply permalink

[-] -1 points by vvv0630 (-63) 2 years ago

You truly are an idiot, DKAtoday. I took his comment, changed "GOP" to "Democratic Party", and reposted the rest verbatim as his accusations applied equally to both parties. You now intentionally try to obfuscate the obvious again with all your copy and paste bullshit. Paste away and be damned, LIAR.

[-] 0 points by DKAtoday (27542) from Coon Rapids, MN 2 years ago

Your text yelling? - Still FUNNY.

[-] 0 points by vvv0630 (-63) 2 years ago

He who laughs last...

[-] 0 points by DKAtoday (27542) from Coon Rapids, MN 2 years ago

Yep - still laughing - at you. You are so funny - what is funnier is you do not seem to know how funny/sad you R.

[-] -1 points by vvv0630 (-63) 2 years ago

See ya 'round town, Danny Boy...

[-] 1 points by DKAtoday (27542) from Coon Rapids, MN 2 years ago

U better hope not. U are too pathetic to be actually good at anything.

Text yelling - still funny.

[-] 1 points by MattLHolck (16833) from San Diego, CA 2 years ago

the # sign marks a header which see to define another line break

[-] 0 points by brightonsage (4494) 2 years ago

The evidence (and there is plenty of it) really does fit one better than the other.

[-] 1 points by MaryS (678) 2 years ago

Eric: hi, I get it now. Good post :)

[-] 1 points by atki4564 (1259) from Lake Placid, FL 2 years ago

If you can't beat em, join em.

Starting a bank sounds like an impossible Gilded Age enterprise; more befitting of a Rockefeller than today's small business owner. But it's not as impossible as one might think -- or as risky.

According to Smart Money.com, "the three-year failure rate for new banks is less than one in 1,000," which, compared with a "60 percent failure rate for new restaurants," is not so horrible. The profits are not too shabby either. The site reports: "6,770 community banks earned $67 billion over the past five years."

In a recent Wall Street Journal interview, even Former Federal Reserve Chairman Alan Greenspan says that he would start a bank -- if he were 50 years younger.

So help start a direct democracy bank, as follows:

https://docs.google.com/a/strategicinternationalsystems.com/document/pub?id=1mKKLMTIyvRCLK2ppPj_GDjdieCvJnATaZaCmlajubWU

[-] -1 points by hchc (3297) from Tampa, FL 2 years ago

Fire them all.