Comments on: America needs sensible, bipartisan financial reform now http://blogs.reuters.com/great-debate/2010/04/22/america-needs-sensible-bipartisan-financial-reform-now/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: daphi http://blogs.reuters.com/great-debate/2010/04/22/america-needs-sensible-bipartisan-financial-reform-now/#comment-30034 Mon, 26 Apr 2010 05:07:15 +0000 http://blogs.reuters.com/great-debate/?p=7006#comment-30034 Actually, it was the Republicans who in 2002, decided that the world needed “free market, unregulated banking”. And they took off any regulation that would control madness. Remember, for six years leading up to this disaster, the Republicans controlled all three branches of government.

However, Frank, Schumer and Dodd, did nothing to stop this insanity. In fact, they did push hard and successfully for loans to people who were not quality loan candidates; both during the Clinton era and during the Bush era.

Both parties strive to work only for their respective extremes: right or left. America suffers badly because of this.

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By: Psychologist http://blogs.reuters.com/great-debate/2010/04/22/america-needs-sensible-bipartisan-financial-reform-now/#comment-30024 Sat, 24 Apr 2010 23:51:09 +0000 http://blogs.reuters.com/great-debate/?p=7006#comment-30024 Actually it was Congressmen such as Barney Frank, Chuck Schumer, and Chris Dodd, who promoted banks’ high-risk lending to risky borrowers. Now Obama and his coterie want to set up a fund to bail out companies on the verge of collapse. If Obama had real management experience (including meeting a payroll), he would avoid this all-or-nothing approach. Now there are no incentives for corporations to produce because profits are marginalized.

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By: txgadfly http://blogs.reuters.com/great-debate/2010/04/22/america-needs-sensible-bipartisan-financial-reform-now/#comment-30005 Sat, 24 Apr 2010 16:14:39 +0000 http://blogs.reuters.com/great-debate/?p=7006#comment-30005 The reason Republicans and Democrats all just present drama without any change is that they *BOTH* were sold to the same moneyed interests by a very corrupt electoral system. They have the same masters. Those masters like things the way they are, thank you very much!

Get rid of Gerrymandered congressional districts, get rid of the “Two Party” system, get rid of legal bribery of elected officials by eliminating the tax free conversion of “Campaign Contributions” to personal use. That means you stick it in your pocket, free of tax, legally. That means it is a bribe anywhere else.

Get rid of the notion that high level employees get to set their own compensation. Let stockholders vote on anything they want, and get rid of “advisory” stockholder votes. Let the big boys get out of the country. It will be no loss to the other 99% of us, as long as we keep them and their lackies out.

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By: jmmx http://blogs.reuters.com/great-debate/2010/04/22/america-needs-sensible-bipartisan-financial-reform-now/#comment-29962 Fri, 23 Apr 2010 07:20:01 +0000 http://blogs.reuters.com/great-debate/?p=7006#comment-29962 The problem is that the Republicans are too far to the right to compromise. They are the minority – they were voted out because they screwed things up so badly. Yet they want to have everything their own way – all or nothing – as if they were still the majority. They just do not realize that they do not represent the thinking of the American people.

Americans want reform. They want reasonable regulations – not a cowboy economy where anything goes until it all blows up again.

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