Byrd and Financial Reform

Fein and Cant don’t support the bill because…
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can someone explain why?

In his own words, Sen Feingold speaks:
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“Congress must reinstate the protections that safeguarded our nation’s economic well-being for nearly 70 years. And taxpayers should never be asked to foot the bill for the recklessness of huge financial entities. In order to fix the problems that helped lead to these tough economic times, we must once again safeguard Americans’ money from the reckless ways of Wall Street. Unfortunately, our work on financial reform is not complete. I will continue to stand up to Wall Street lobbyists and push for policies that protect the people of Wisconsin, not Wall Street interests.”

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http://feingold.senate.gov/opinion/10/20100601.htm
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Feingold and I do see this so-called “reform” as nothing but another big bloated Government program which will waste and abuse more tax dollars.
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Too big to fail simply means, “all of my fat-cat lobbyists will be the winners, and the average tax-payer will be the loser”. Feingold understands this, and why he is against this reform bill. While he is an uber-liberal on all things social in life, he at least shows respect for the tax payer when it comes down to money taken by the rich in the form of tax subsidies to “bail them out” for their risky investments.

Cantwell wanted more enforcement power for regulators on derivatives.

http://cantwell.senate.gov/news/record.cfm?id=319845

Feingold wanted an all around beefier bill, including breaking up the biggest banks and reinstating Glass-Steagall.

http://curiouscapitalist.blogs.time.com/2010/05/19/feingold-delays-financial-reform/

Thanks, Adam!
JNS

While he is an uber-liberal on all things social in life, he at least shows respect for the tax payer when it comes down to money taken by the rich in the form of tax subsidies to “bail them out” for their risky investments.
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Yes, that’s because respect for the taxpayer is a liberal value.

Thanks so much for that great information, Adam Sorensen!

“Yes, that’s because respect for the taxpayer is a liberal value.”

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That’s like calling PeeWee Herman and advocate for “anti-Porn” laws. Please, delusional thought processes do require medications sufficient in quantities to bring a distorted mind back into reality.

No, really, that’s a liberal value.
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That’s why Feingold, etc., are opposing this reform package from the left, like a lot of us.
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If you want to take issue with the Democratic center on their lack of respect for the tax payer, then be my guest.
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Silly claims like “liberals don’t respect the little guy” don’t hold water when we’re the only ones trying to get the government to get the banksters to be responsible for their own failures.
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Next you’ll be calling Obama a socialist…oh, wait…

Please, delusional thought processes do require medications sufficient in quantities to bring a distorted mind back into reality.

That sounds like the voice of personal experience…So, when is the last time you had your ‘sufficient quantities, rusty?

Yeh, ‘preciate it. Even from Rust-eze.

For PONers, respect for the taxpayer = less tax obligation.

grape,
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You’re nuts.
I think you’re the one who needs medication

Nice one StuZ

grape-nuts
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Funny, I have never heard that one before.
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So, do you have anything relevant to add to the conversation yet? No? Just more right-wing bloviating?

The obstructionist team of MBC — McConnell,Boehner and Cantor constantly use the phrase “the American people do not want this.” That is their standard comments on anything the Dems and the President proposes. Well guess what MBC — the American people DO want financial reform. Wake up and quit placing party above country. These “leaders?” would rather see the country destroyed before supporting the President.

3X,
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You’re 4 feet nine inches tall, have severe arthritis, can not walk more than 30 feet at a time, are divorced, need your son-in-law to drive you to the store and live in a 1,200 square foot home in a poor community. You were a liberal Democrat twenty years ago but with each ache and pain became more bitter and right wing.
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Not true?
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But what if I say you do?
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If I say you do, then isn’t it half true?
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If liberals say that protecting tax payers from financing things the government should not have to cover but, in financial failure due to bad management of large corporations will end up financing is a liberal priority, then trust us, it is.
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I’ve been dealing with Dr. Earl telling me that I live with my mother and/or am on welfare. I’ve been dealing with Freeinpa calling me everything from a professional student to a trust fund child worth tens of millions of dollars. I even had rusty call me a child molester.
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Now, you tell us who conservatives are and we tell you who liberals are.
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When your daughter met her black husband, did she greet him with a stack full of KKK literature and say “this is who blacks are” while he had a stack full of Louis Farrakhan’s writtings saying “this is who whites are”?
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Then why would you consider it even reasonably probable that it would be productive to walk in guns blazing saying “I know who you liberals are! Ha Ha Ha Ha!”
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You’ll notice that, outside of connecting the motivations of Republican politicians to campaign donation I, myself, do not say that I know what the right wing or, like you, the extreme right wing of America is thinking. My best assessment is that you aren’t thinking. You finish your day of work, listen to simple, pleasing answers and cheer for them. When a liberal comes along and tells you that you haven’t heard half the long, complicated story of things like, say, climate change, you kill the messenger, demonize his beliefs and then go back to the rest of your life not even known that there was a big picture you didn’t ever take a quick peek at.