The Republicans need to mention that prime culprits Fannie Mae and Freddie Mac are not included in the financial reform bill. They need to talk about the architects of the bill, Barney Frank and Chris Dodd and expose their involvement in the financial crisis. There are you-tube videos of them showing their involvement. Regarding the bill who will determine what is a good risk from a bad one? Which leads to the problem of giving the government control over these institutions with intimidation and if you do not cooperate with the Obama administration they will put them out of business. After all it's the CHICAGO WAY. They should point out the contributions made by these firms to the Democrats. Goldman Sachs CEO came to the Whitehouse 4 times and contributed over a million dollars to Obama’s campaign. Then there’s the coincidence of the timing by the SEC of the investigation against Goldman Sachs, which the Obama administration claims they had nothing to do with. Goldman Sachs need not worry though, because as I said they contributed immensely to get Obama elected and will want payback. Let’s not forget they are one of the institutions that will be implementing Cap and Trade. Also, Obama mentions he wants to get the money back for the taxpayers and he is going to charge a fee to the banks to set up a slush/bailout fund. Where does he think the banks are going to get the money? They are going to get it from their CUSTOMERS, American taxpayers. Hopefully, the Republicans can get the message out and the Senate Republicans will not cave and go along with this scheme.
Good job, Greg! I couldn't have said it as well.
Good post.The Republicans should also expose Dodd's outright corruption throughout his career doing favors for the rich and powerful.The big secret is the liberal Democrats do the bidding of the rich far more so then the Republicans and the donations from Wall Street being at 3 to 1 for the Democrats illustrate. Typical misdirection by the Democrats. Act like they are really cracking down on Wall Street...while setting them up to score in the billions on Cap and Trade. Huge energy taxes for us...big fat fees on trades for the big Financial institutions.
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