Obama urges Senate action on controversial finance reforms

Obama urges Senate action on controversial finance reforms

rawstory.com

On Monday, the Senate banking committee will debate a proposal by Democratic Senator Christopher Dodd that is designed to halt what he sees as abuse and excess by financial firms.

Dodd's bill would empower the Federal Reserve to conduct oversight across the financial sector, putting insurance companies and even smaller lenders under their sway.

Bernanke has disclosed in public that with the Fed's expanded framework, it assumes the coming elimination of "minimum reserve requirements" for banks.

(visit the link for the full news article)


Related News Links:
rawstory.com
finance.yahoo.com
news.bbc.co.uk

Related AboveTopSecret.com Discussion Threads:
Unpopular bailouts, nationalization, stimulus and healthcare, are we now a DICTATORSHIP?

Unhinging banks from even basic deposit standards would essentially create a class above the daily requirements of capitalism, resting atop a pool of funds with infinite depth, removing the need for what's currently known as "fractional reserve banking." (also from article)

For those who care, you need to read this article and if you can take it, watch Barry selling out to the Big Bankers. It's infuriating, nauseating and completely treasonous.

Yet THEY"RE JUST GOING TO IT, take all of all freedoms and tell us its good for us.

There will be no oversight and the Fed will have complete control of all money. Now with not even any real deposits at all. Just ones and zeros. A REAL MONOPOLY of MONOPOLY MONEY!!!!! AHHHHHHH

Coincidentally, Mexico, Australia, UK and Cananda are all going to do the samething. New World Order much.

It here's. Beleive it. This started in 1913 and will not end till they have complete control or we kick their butts. Period, end of story. A bully will take all he can get till some really pissed off little dude jacks him in the jaw, like Iceland. Now it's our turn.

See past their games, stand up for yourself and the future of humanty.


rawstory.com
(visit the link for the full news article)

One word "Reform"

Should strike fear into the hearts and minds of every freedom loving American.

Healthcare reform, Energy reform, Finance reform.

If you let them, they will use that word to take away every bit of your freedom.

If you are happy with the Obama administration and congress, their agenda and sweeping plans to takeover all of the private sector and your freedom in exchange for a life of slavery, higher taxes little or no opportunity for advancement or building wealth, then by all means continue to support this madness, and embrace "reform" you must be one of the few minority elite who will benefit most from these reforms, and eventually have all of the wealth and power.

If not, do everything you can to stop them before it is too late.

Or, simply learn to bow and show respect for those who will eventually control every aspect of your lives.

reply to post by Fractured.Facade


You're right. "Reform" is just another word for lobbyist to write the laws.

They're trying to make everyone hopelessly dependent on the system, a system that breeds conformity and stagnation, so we don't even theink about change. I have seen their dreams and they are not mine.

I refuse to live that way.

Well at least Bloomberg is doing their jobs.

Here is an article about a FOIA that was granted to Bloomberg forcing the Fed to disclose the financial redords of those banks that recieved TAARP funds.
www.businessweek.com...

It's a whitewash peice. Oh the poor fed, like it's some pillar of our society that is above all criticism and without it we'll all be lost.

Kind of reminds me of the reaction Zionists have when Israhell is criticized. Could there be a connection?....