The President on Financial Reform

The President used his weekly talk to highlight proposed financial reforms, taking aim at Mitch McConnell and the Republicans for not only opposing reform but for painting that opposition as opposition to “bank bailouts”. I think that this issue is cutting in the President’s favor as Republicans are caught doing the bidding of the financial industry. Locally Butler Bank of Lowell just failed and was taken over by the FDIC and sold the same day to an out of state bank. Is that a “government intervention” that is a bad thing? The President, in my opinion, has the political upper hand on this issue.

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2 Responses to The President on Financial Reform

  1. Jules Gordon says:

    Your Honor,

    This bill will give him the biggest personal slush fund managed by Tim Geithner.

    Check out the contributions made to the Democrats by the CEO’s of the big banks that Obama wants to seize before you use that tired old dodge about the Republicans favoring big business over the the people. That is propaganda generated in little red book.

    Jules

    Like

  2. Jules Gordon says:

    Your Honor,
    If the FDIC does what it is suppose to do, why do we need anything else.

    Seems to me we also had a failure of regulatory policing. (I will for go the obvious Porn references). If the financial problems went undetected by the regulatory office what will more regulation do?

    Jules

    Like

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