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Senate rejects attempt to cut size of big banks

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posted on May, 6 2010 @ 09:44 PM
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WASHINGTON – A bipartisan Senate coalition has rejected a proposal to limit the size of the nation's largest banks as a means of reining in the financial sector. The Senate voted 61-33 against a proposal that would have required the nation's giant banks to split up. The Obama administration has argued that the size of financial institutions was not the root cause of the 2008 Wall Street crisis. The proposal by Democratic Sens. Sherrod Brown of Ohio and Ted Kaufman of Delaware was staunchly opposed by the bank industry. Brown and Kaufman argued that cutting banks down to size would end firms deemed "too big to fail." Among the banks that would have been affected were Bank of America, JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley.


news.yahoo.com...

Corrupt bastards!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

The top 6 banks own 63.6 percent of our GDP!!!!!!!!!!

And that's not the frickin problem????

Yeah, let's continue to NOT enforce ANTI-TRUST LAWS!!!! Looks like the banks are still TOO BIG TOO FAIL.

The middle class however....they don't give a damn if we fail or not.

Could this explain the plunge stocks took today? A pre-emptive strike if the politicians didn't do what the bankers wanted them too?

Bernie Sanders changed his audit the Fed bill today as well and made it weaker which made the Fed happy.

The banks are winning.

[edit on 6-5-2010 by David9176]




posted on May, 6 2010 @ 09:47 PM
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Financial Debate Renews Scrutiny on Banks’ Size April 21, 2010, 4:51 PM




The banking industry has become much more concentrated as it has grown in recent years. In 1995, the assets of the six largest banks were equivalent to 17 percent of G.D.P.; now they amount to 63 percent of G.D.P. Meanwhile, the share of all banking industry assets held by the top 10 banks rose to 58 percent last year, from 44 percent in 2000 and 24 percent in 1990.


dealbook.blogs.nytimes.com...

THIS ISN'T A PROBLEM????????????

17 percent to 63 percent of GDP owned by the banks in 15 years AND THAT'S NOT A F'N PROBLEM!?!?!?!

We're done.



posted on May, 6 2010 @ 10:29 PM
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No surprise here, both Political parties are bought and paid for.... we just fight over the social issues while they rob the nation blind and keep their campaign paymasters happy.

There is no honor in Washington. If there was ever a need to implement monopoly laws, this is it.



posted on May, 6 2010 @ 10:30 PM
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Ah, I see the whole picture of the dip in the stock market caused by someone's 'fat finger'.

The stock dip was a warning without a doubt.

The fed is saying they control the power, and not the government, evidenced by this 'demostration' of their power.



posted on May, 6 2010 @ 10:33 PM
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and those 61 need replacing.
keep tabs on the names
for November kick outs.



posted on May, 6 2010 @ 10:47 PM
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Here all all the NAY votes:

Akaka (D-HI)
Alexander (R-TN)
Barrasso (R-WY)
Baucus (D-MT)
Bayh (D-IN)
Bennet (D-CO)
Bond (R-MO)
Brown (R-MA)
Brownback (R-KS)
Burr (R-NC)
Carper (D-DE)
Chambliss (R-GA)
Cochran (R-MS)
Collins (R-ME)
Conrad (D-ND)
Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID)
Dodd (D-CT)
Enzi (R-WY)
Feinstein (D-CA)
Gillibrand (D-NY)
Graham (R-SC)
Grassley (R-IA)
Gregg (R-NH)
Hagan (D-NC)
Hatch (R-UT)
Hutchison (R-TX)
Inhofe (R-OK)
Inouye (D-HI)
Isakson (R-GA)
Johanns (R-NE)
Johnson (D-SD)
Kerry (D-MA)
Klobuchar (D-MN)
Kohl (D-WI)
Kyl (R-AZ)
Landrieu (D-LA)
Lautenberg (D-NJ)
LeMieux (R-FL)
Lieberman (ID-CT)
McCain (R-AZ)
McCaskill (D-MO)
McConnell (R-KY)
Menendez (D-NJ)
Murkowski (R-AK)
Nelson (D-FL)
Nelson (D-NE)
Reed (D-RI)
Risch (R-ID)
Roberts (R-KS)
Schumer (D-NY)
Sessions (R-AL)
Shaheen (D-NH)
Snowe (R-ME)
Tester (D-MT)
Thune (R-SD)
Udall (D-CO)
Voinovich (R-OH)
Warner (D-VA)
Wicker (R-MS)

www.senate.gov...

FAMILIAR NAMES IN THERE!!!

McCONNELL...Senate Minority Leader..

LIEBERMAN

McCAIN

SCHUMER

KERRY

DODD

GRAHAM

BAUCUS

FEINSTEIN

BAYH

NELSON

GET THESE CRIMINALS OUT OF OFFICE!!!!!!!!!

[edit on 6-5-2010 by David9176]

[edit on 6-5-2010 by David9176]



posted on May, 7 2010 @ 09:17 PM
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Originally posted by David9176
Here all all the NAY votes:

Akaka (D-HI)
Alexander (R-TN)
Barrasso (R-WY)
Baucus (D-MT)
Bayh (D-IN)
Bennet (D-CO)
Bond (R-MO)
Brown (R-MA)
Brownback (R-KS)
Burr (R-NC)
Carper (D-DE)
Chambliss (R-GA)
Cochran (R-MS)
Collins (R-ME)
Conrad (D-ND)
Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID)
Dodd (D-CT)
Enzi (R-WY)
Feinstein (D-CA)
Gillibrand (D-NY)
Graham (R-SC)
Grassley (R-IA)
Gregg (R-NH)
Hagan (D-NC)
Hatch (R-UT)
Hutchison (R-TX)
Inhofe (R-OK)
Inouye (D-HI)
Isakson (R-GA)
Johanns (R-NE)
Johnson (D-SD)
Kerry (D-MA)
Klobuchar (D-MN)
Kohl (D-WI)
Kyl (R-AZ)
Landrieu (D-LA)
Lautenberg (D-NJ)
LeMieux (R-FL)
Lieberman (ID-CT)
McCain (R-AZ)
McCaskill (D-MO)
McConnell (R-KY)
Menendez (D-NJ)
Murkowski (R-AK)
Nelson (D-FL)
Nelson (D-NE)
Reed (D-RI)
Risch (R-ID)
Roberts (R-KS)
Schumer (D-NY)
Sessions (R-AL)
Shaheen (D-NH)
Snowe (R-ME)
Tester (D-MT)
Thune (R-SD)
Udall (D-CO)
Voinovich (R-OH)
Warner (D-VA)
Wicker (R-MS)

www.senate.gov...

FAMILIAR NAMES IN THERE!!!

McCONNELL...Senate Minority Leader..

LIEBERMAN

McCAIN

SCHUMER

KERRY

DODD

GRAHAM

BAUCUS

FEINSTEIN

BAYH

NELSON

GET THESE CRIMINALS OUT OF OFFICE!!!!!!!!!



Ya, that shiz is the whos who of crappyness

It is AMAZING they are all of a sudden Bi Partisan, its inspiring and beautiful to say the very least...

I bet they know we would completely done if this happens, completely...
This would sort of indicate we have also cooked the World goose, in that case
I wouldn't blame the rest of the world if they tried to blow us of the map. But before that these folks would be BBQed, not even served for the benefit of hungry dogs.

Its like a very bad joke isn't it?




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