OBAMA SIGNS GOV'T GRAB, NEW MASSIVE REGULATIONS -- AT REAGAN BUILDING!
WASHINGTON – Reveling in victory, President Barack Obama on Wednesday signed into law the most sweeping overhaul of financial regulations since the
Great Depression, a package that aims to protect consumers and ensure economic stability from Main Street to Wall Street.
The law, pushed through mainly by Democrats in Washington's deeply partisan environment, comes almost two years after the infamous near financial
meltdown in 2008 in the United States that was felt around the globe. The legislation gives the government new powers to break up companies that
threaten the economy, creates a new agency to guard consumers and puts more light on the financial markets that escaped the oversight of
Obama described them all as commonsense reforms that will help people in their daily life — signing contracts, understanding fees, being aware of
He went so far as to call the reforms "the strongest consumer protections in history." The president added to a burst of applause: "Because of this
law, the American people will never again be asked to foot the bill for Wall Street's mistakes."
Republicans portray the bill as a burden on small banks and the businesses that rely on them and argue it will cost consumers and impede job growth.
Republican Rep. Darrell Issa of California called Obama's bill-signing a "charade" that ignored the root causes of the financial crisis.
OK, I ask you, How is this going to help the lonely consumer, you and me?
The Government going to assign a Lawyer to me every day, to read and sign all contracts, understand fees and be aware of risk in my daily life
because, you and I are just to STUPID!
But, we will never again be asked to foot the bill for Wall Streets mistakes, Is That SO? Any One Here Believe That?
In a note of irony, Obama signed the bill with great fanfare in the massive Ronald Reagan Building, named after a president who championed