2010-02-06T04:18:19Z opencongress.org tag:opencongress.org,2007:/bill/comments/61995 2010-02-06T04:18:19Z tag:opencongress.org,2010-02-06:/comment/184085 Anonymous http://www.planetxvideo.com/intro.php 2009-12-16T02:04:55Z tag:opencongress.org,2009-12-16:/comment/177377 AuroraRancher The Definition of Insanity - Doing the same thing over & over & expecting diferent results! This is nothing more than the way it as always been stated a different way! 2009-12-14T02:44:48Z tag:opencongress.org,2009-12-14:/comment/176630 MercilessPit 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. 2009-12-12T02:36:12Z tag:opencongress.org,2009-12-12:/comment/176331 Lindasb11 You're absolutely correct this is a horrible bill and congress has transferred it's powers over to the executive branch. Once again violating the constitution. Congress doesn't have the power per the constitution to transfer power to other branches of the government give or take. This bill allows the executive branch dictorial powers! 2009-12-18T05:43:27Z tag:opencongress.org,2009-12-18:/comment/178235 thejeffersondemocrat 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. 2009-12-21T09:15:32Z tag:opencongress.org,2009-12-21:/comment/178963 gemma_trimm Yeah, because that's not exactly who makes up the government. 2009-12-20T04:58:51Z tag:opencongress.org,2009-12-20:/comment/178716 brking no were in Constitution does it explictly say they can't hand over their power to another branch of congress. read article one, sections 8 and 9 carefully. 2009-12-20T21:45:33Z tag:opencongress.org,2009-12-20:/comment/178829 rodKnee87 The current mess was not created by regulations, but was created by the LACK of regulation. Fannie Mae and Freddie Mac did not create the mess, greedy bankers and speculators at places like Goldman Sachs, Bank of America, Wachovia, etc. did. Derivatives based on mortgages including credit default swaps and all kinds of other speculative instuments that were created to find greater and greater yields were the culprit. No one said anything about forcing people to make productive investments, but if speculation and gambling with other people's money were illegal, there would be more productive investments made by default. By the way, many of the inventions that are widely used today came as a result of government research and government supported programs, i.e. through the Institute for National Health, university research funded by the government, NASA, the military, etc. 2009-12-10T13:02:52Z tag:opencongress.org,2009-12-10:/comment/175876 l72116 Please let this bill pass. To many people are losing their homes and the banks will not work with you. 2010-05-19T16:45:39Z tag:opencongress.org,2010-05-19:/comment/196932 jonesj34 Please don't let fear drive your support of letting the government take care of problems they created. Thats what they want American to experience. If your fearful because people are losing their houses then research and even look at the comments being made. Allowing the government to have more power puts you at greater risk. And if you trust them then you have been in the dark the past 20 years. Only the people can bring the country back to where it needs to be, period. 2010-05-19T17:03:41Z tag:opencongress.org,2010-05-19:/comment/196933 jonesj34 Just curious if you were a free enterpriser and owned your own business and ethically worked very hard and making sure you and your family were prosperous and secure, would you pay 75% of your earnings to put a bandaid on Social Security? I understand they're are crooked people in the same economic 1% in companies, pharmacutical and health industries and I agree those people should give back the money they stole and are stealing from the American people.Greed is intwined in our very own gov't, the lobbyist and those unethical people so it seems at least to be caused by poor governing. 2010-03-23T09:02:41Z tag:opencongress.org,2010-03-23:/comment/190100 allyReport101 What we need is a range of free market currencies all backed by metals like gold and silver. The competition would reduce volatility and keep prices in check for consumers. Currencies could even partner with retailers to further push down prices. With electronic banking collecting a number of different currencies would be easy and shrewd shoppers could save a bundle. Doing this would restore trust and balance in the market, limit the imperial aspirations of governments, and eliminate inflation. The Free Competition in Currency Act of 2009 is the real reform that is needed legalize the constitution, restore the Republic, investigate 911, end the empire, and create base the economy on the production of great products that raise the standard of living for everyone. http://allyreport.blogspot.com/2010/03/free-competition-in-currency-act-of.html 2010-05-19T18:53:51Z tag:opencongress.org,2010-05-19:/comment/196948 jonesj34 Best comment by far. Thanks cclezel, couldn't be better put! 2010-01-14T06:53:58Z tag:opencongress.org,2010-01-14:/comment/181489 uncleray If the existing agencies failed to do their job how can adding another one be better? Reprimand, toughen or replace those asleep at the switch! Just my $0.02 (<--- no taxpayer money was used in this comment!) 2010-01-26T03:55:10Z tag:opencongress.org,2010-01-26:/comment/182466 glr So can they craft any legislation that is readable and less than 1000 pages! It seems they aren't interested in fixing issues with simple 5-10 page bills per issue but making it so complicated and confusing that they solve nothing. They are looking for the magic fix everything bill instead of making tweaks and improving things as we go! 2010-07-12T14:25:03Z tag:opencongress.org,2010-07-12:/comment/204627 KyleAbbott The Clinton Administration created this mess. By establishing "quotas" to lend to people that could never afford the home loans, the banks had to give out many subprime mortgages that were destined to fail. This bill will give entirely too much power to Tim Geithner. He'll have the power to take over any failing firms and run them himself! Where in the Constitution does it give him the power to do so? What we need is to loosen the money supply and let the free market run like we have in the past. A part of the free market system is general ups and downs. In the 20's, we had a sharp recession brought on by Wilson and subsequent boom due to the policies of Harding and Coolidge. Why can't we do that again? We do need more regulation than what they had then, but this bill goes over the top and promotes "Crony Capitalism." We need to let these firms fail, and let those who can actually run a tight ship take over the economy with less regulation and none of these so called "Quotas" 2010-07-13T02:19:35Z tag:opencongress.org,2010-07-13:/comment/204765 Peterwang998 They can't fail, the Credit Default Swaps market was valued at 60 trillion dollars at the end of 2007. Without the adequate protections against counter-party defaults on CDSs, a failure of one massive institution coupled with the failure to close in defaults on the sub-prime mortgage area would of started a cascade of banks defaulting on CDS, and unable to recoup any loses from the sub-prime defaults originally hedged by the CDS. 2010-07-13T02:27:26Z tag:opencongress.org,2010-07-13:/comment/204766 Peterwang998 You do realize that the Credit Default Swaps market is still valued at over 30 trillion dollars (down from its peak of 60 trillion in 2007), and because of inadequate protections against counter-party defaults, we cannot simply let a firm "fail" until the sub-prime mortgage problem is solved. Otherwise by letting one firm fail and default on all of its CDS, all the other banks that have purchased CDS from this institution would essentially be losing their insurance against defaults in the sub-prime mortgage market. Systemic risks from a unregulated market of naked CDS needs to be eliminated, a free-market is worthless without the rules of the trade being enforced. 2010-02-04T06:29:33Z tag:opencongress.org,2010-02-04:/comment/183622 Anonymous http://www.youtube.com/watch?v=XKL8BpgJexg 2010-07-13T13:55:34Z tag:opencongress.org,2010-07-13:/comment/204968 KyleAbbott You missed my point. I did say that we need more regulation on those derivatives. They shouldn't be traded at all in my humble opinion. If the Clinton Admin didn't make these firms engage in these bad loans, then it would be completely unnecessary to trade these insane derivatives. The SEC needs to regulate these things, and Fannie and Freddie need to go.