Get Free Trade Sneak Attack Out of Financial Reregulation Bill!

Get Free Trade Sneak Attack Out of Financial Reregulation Bill!

seminal.firedoglake.com

Buried in the 1200-page Senate financial reregulation bill we found a sneaky provision that would undermine state-level insurance consumer protections if they conflict with trade agreements! ...the ...proposal would empower the Treasury Department to unilaterally override existing state insurance regulations that it deems to be out of step with international agreements.
...Treasury would be newly empowered to enter into international insurance agreements without Congress voting on the pacts and

(visit the link for the full news article)


Related News Links:
www.citizen.org
news.firedoglake.c om
www.nasdaq.com
www.huffingtonpost.com

When push comes to shove, international trade agreements already override national and state law - not to mention the democratic process.

The Senate "financial reregulation bill" is just dotting a few last "i's" and crossing a few last "t's" for the bankers and financial industry. And it makes no bones about putting our government firmly in the hands of international mega-corporations.

...tucked deep in the bill designed to clean up our financial mess is this sneaky provision that establishes a new ceiling on regulation. It would undermine existing insurance consumer protections in all 50 states. How? Treasury would be newly empowered to enter into international insurance agreements without Congress voting on the pacts and without any role for the 50 state insurance commissioners now responsible for regulating these firms. And, it would then allow Treasury to overrule existing state laws that provide greater consumer protections than these undemocratic international agreements.

Not a good idea.



seminal.firedoglake.com
(visit the link for the full news article)

[edit on 1-5-2010 by soficrow]

Anyone who adds things into bills that are unrelated to the current bill should be prosecuted.

These corrupt politicians add in things that wouldn't be passed on their own. The only answer I hear is "vote 'em out".

If you haven't noticed voting politicians out is like changing the mask on a thief; this will never change.

They run our country, and America doesn't do a thing about it. When it goes public people huff and puff for a few weeks and it blows over.

Thanks Soficrow for posting this.

And no wonder over half of the citizens do not trust Washington!

I will be making the appropiate calls! S&F

reply to post by burntheships


Thanks burntheships. And thank you too xstealth for your response.

What really worries me is the terms that will make their way into Internet regulations, probably verbatim.

...International Trade Law does NOT accommodate Net Neutrality - so the government is over a barrel.

If we don't call it at every step, and fight back - we'll lose the free Net, and ALL our personal freedoms. Not to mention democracy.

...The Corporate Global Government is a return to feudalism - with mega-corporations at the helm instead of monarchs and emperors and other dictators. Scary.