Someone that understands how bad thing where back in late 2008. This bill takes some aim at the swaps markets and for that I support the move.

http://www.youtube.com/watch?v=XKL8BpgJexg

Faulty premise. The fed hasn’t prevented the next Great Depression. The Great Depression was caused by economic uncertainty created by government intervention in the market after the Smoot-Hawley Tariff Act crashed the economy. The only way the government could be preventing another Great Depression is by removing themselves from the issue.

http://www.eutimes.net/2010/02/its-official-u-s-is-a-third-world-country/

You are correct rodknee87, lack of regulation is at the heart of it. Specifically lending restrictions.

Congress bought votes by making it possible for anyone with a pulse to get a home loan.

Fannie and Freddie were forced to make loans they knew would never get repayed.

The derivatives you spoke of were created to hedge the risk of the bad investments congress forced them to make.

The straw that broke the camels back was Bush and Greenspans free money. Non-bank lending institutions swooped in and started making loans as fast as they could. After that the market had no choice but to write the loans; it was keep up or go out of business. And they had an endless line of people willing to lie on mortgage applications, and buy houses they damn well knew they couldn’t afford.

This whole mess started with government manipulation of the market.

http://www.prisonplanet.com/how-you-could-also-be-a-victim-of-the-laptop-spying-scandal.html

Please let this bill pass. To many people are losing their homes and the banks will not work with you.

OBOLISH THE FEDERAL CRIMINAL GOVERMENT THEN WE DON’T HAVE TO REPORT SHT……..THEY ARE THE WHOLE FKIN PROBLEM PERIOD……..BARNEY FRANK UN BTCH BOY…….GET SOME BALLS BARNEY…BE ON THE RIGHT SIDE OF HISTORY….WE DON’T WANT YOU TO ENHANCE NOTHING TO THE FEDS GET THEM THE FK OUT OF ARE COUNTRY …SEND THEM BACK TO BRITIAN,,,LET THEM RUIN THE EC…REVERSE EVERYTHING BEING DONE RIGHT NOW UN BOY!!!!!!!!REVERSE NAFTA ,,REVERSE THE PATRIOT CRIMINAL ACT NOW!!!!!!!!!!!!THE WHOLE COUNTRY IS WATCHING AND WAITING!!!!..WATCHING AND WAITING…….WATCHING AND WAITING!!!!!!!!!

The constitution has been violated so many times in the past 15 years that it doesn’t even make sense to talk about constitution anymore, its has become just a piece of paper in the museum

what if i told you that by doing a very unlike action (bailing banks out), the fed has prevented the next great depression. would you rather spend about 3,000 to save risky choose made by executive of big financial companies or risk 25% unemployment at a time of 2 expensive wars. not an easy choose to make.

Just what we need, more regulation from the Federal government. I don’t need to read this, all I need to know is that Rep. Barney Frank authored it so it can’t be good.

No it doesn’t it means that they can make laws ONLY regarding powers they were already given. The broad definiton that has gained so much popularity is ludicrous and the people need to realize that the government is sticking it’s nose where it doesn’t have any authority. Anything that isn’t EXPRESSLY granted to the nat’l gov’t is for the states, 10th amendment.

It is time that you balance your own checkbook and leave the rest of us to manage our own, too.

This bill oversteps fiscal responsibility and give yet, another child (the government) a way to have a tantrum and not be responsible for their own actions.

THE VOTE IS NO!!

About time? They already did this once, what do you mean ‘about time’? The first was a failure, and now you want another?! Wake up sheeple. This is just another way to grab my money and use it for their special interests. They haven’t even used all the money from the first one.

Yeah! Enslave the rich and kill their families! Hell yeah!

The constitution has been violated so many times in the past 15 years that it doesn’t even make sense to talk about constitution anymore, its has a become just a piece of paper in the museum.

The Community Reinvestment Act created the market for subprime loans. The lowering of Federal Reserve rates by Bernanke fueled it.

Government regulation got us into this mess.

Well, maybe if America stopped sticking it’s nose into other countries’ business we wouldn’t be involved in 2 expensive wars. You do realize that we are borrowing from China to send money to other countries, don’t you? And it doesn’t look like it was a difficult decision for them – they jumped right on “the rich get richer and the poor get poorer” instead of “the rich get poorer and the poor stay the same.”

http://www.planetxvideo.com/intro.php

Spot on. The Constitution is under assault under this administration and congress like few other times in history.

Most flavors of healthcare bill flying around Capital Hill do the exact same thing: create broad new executive powers, and unconstitutional mandates upon the people, which threaten our life, liberty and ability to pursue happiness.

Do you realize that this bill would make taxpayers pay for even more bailouts? This bill gives the president and his appointees the power to buy out (and if the president chooses too, liquidate) any company they deem “a danger” to the State, all without requiring Congressional approval. If this passes, we’ll have dozens of more companies ending up in the same place as GM and AIG, feeding their failure by stealing from taxpayers.

Financial regulatory reform bill is yet another thousand page-plus attempt to increase the powers of Congress and the Federal Reserve while destroying more of what little free market our country has left. Contact Congress and tell your representative you have seen enough of the federal government’s thousands of pages of regulations and tinkering around in our economy. Composed of several bills, the final package up for vote is H.R. 4173, slyly titled “The Wall Street Reform and Consumer Protection Act.” With amendments, this legislation now exceeds 1500 pages! H.R. 4173 would create more government bureaucracies to interfere with market operations, and, according to Subtitle G of the bill, the federal government would also have direct authorization to take over and break up any financial institution it deems to be “too big to fail.” Your representative needs to hear from you immediately!

And this is the definition of FASCISM