Financial reform passes 60-39; another victory for Obama and America

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deleted15807

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But be clear, the aim of private industry is not to make people happier or wealthier. It is mainly to make those people running the company rich, and secondarily to make those owning the company rich.

Exactly. And the problem is the plebeians all think one day they could rise to be patricians. And we should all bow down to capitalism, corporations and unfettered capitalism because they will bring us all goodness and light. They will lead us all to the promised land of milk and honey. When it's exactly the opposite.


  • Corporations are required by law to elevate their own interests above those of others, making them prone to prey upon and exploit others without regard for legal rules or moral limits.
  • Corporate social responsibility, though sometimes yielding positive results, most often serves to mask the corporation's true character, not to change it.
  • The corporation's unbridled self interest victimizes individuals, the environment, and even shareholders, and can cause corporations to self-destruct, as recent Wall Street scandals reveal.
  • Despite its flawed character, governments have freed the corporation from legal constraints through deregulation, and granted it ever greater power over society through privatization.
 

B_TonyK8483

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What I wonder is how these financial institutions will figure out how to get around these financial reforms.


Dandelion,

But be clear, the aim of private industry is not to make people happier or wealthier. It is mainly to make those people running the company rich, and secondarily to make those owning the company rich.

Which is why certain things should not be privatized...
 
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D_stryhtfg

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Everybody blames Bush. Bush did not cause the WORLD WIDE financial collapse. Obama and his Marxist minions see this financial crisis as an opportunity to grow big government and make sure that gov't has infiltrated every aspect of our lives (see healthcare reform).

Yep...all the crazy leftists forget that the big government left has been in control since 2006...the same idiots that think you can tax your way to prosperity.

Thankfully, the vast majority of America is sick and tired of the damaging games the left is playing...and there will be some REAL change in November.

http://dailycaller.com/wp-content/uploads/deficitspiral01.jpg

Interesting...shortly after the libs took over...the federal deficit went into space.
 

D_Sir Fitzwilly Wankheimer III

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3 republican senators saw the light and voted for the American people. Thus, the nation will FINALLY have the opportunity to put Goldman Sachs and the other financial bastards on notice that they cant do this shit anymore. We wont pay for their greed. We WILL have a consumer protection agency , at last , to protect us from "too big to fail". once again, the GOP has no alternative to this move, and continues to whine about poor corporations and how mistreated they are.
GOP = hatred of working class Americans. GOP= corporate tyranny. GOP=the real threat to democracy.


that's fine you'll just not a have a golman sachs or any other banks for that matter. you'll be protected alright. you'll work for free for the government and they will dole out your rations.
 

D_Pubert Stabbingpain

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People have no idea what Socialism really means because the term is used exclusively as another FEAR tactic.

FEAR is what drives all Right Wing-Nuts, always has and always will. They always have and will continue to use terms that create FEAR. They always have and will continue to describe their opponents as people who will bring that FEAR to reality.

FEAR is built-in to every living thing. It is generated in the part of our brains that we inherited long before humans walked upright. It's purpose is to protect from immediate danger and it works well when there actually IS a physical danger.

FEAR requires no thinking! That is the key. It elicits a reaction without thinking. That allows the persons spreading FEAR to maintain control because they know they will not be questioned. It is nothing other than a High School Bully tactic. FEAR from someone else's mind is NOT real danger. It is only the threat of it. It is PERCEIVED danger but does not really exist.

The only way to defeat irrational FEAR is with ongoing education. You can't tackle the the FEAR itself. You can't expect a person to listen when they are FREIGHTENED. This is why those Town Hall Mettings were huge mistakes for all except those whose intent was to spread more FEAR. In that respect they were a huge success. The media loved them. They were Jerry Springer politics. It's not patriotic (another FEAR!) if you don't want to fight. For you to fight without thinking is always their goal and FEAR accomplishes that quickly and without argument.

It is the very same Right Wing-Nuts that will dig up and spout off every FEAR verse in the Bible EXCEPT one:
"God has not given us the spirit of fear, but of power and of love and of a sound mind.” (2 Tim. 1:6,7)

Question every statement that contains FEAR. Make them back up their FEAR with verifiable FACTS. It can't be done because FEAR is always based on other FEAR. That is why a Right Wing-Nut will constantly change subjects when backed into a corner and each new subject will be yet another FEAR.

It is a very effective and well-proven tactic.
 
D

deleted15807

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^ Fear is a great motivator. I doubt there is a more powerful emotion.

A very famous Indian poet called Rabindranath Tagore said that fear is the most important thing with which our minds are conditioned. He wondered that minds should not be riddled with fear, because when I'm afraid I'll believe anything. A mind should be without fear, where he said, minds without fear and when knowledge is free, only into such a world can we think of freedom. Otherwise there is no freedom,
 

B_starinvestor

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The financial reform will do absolutely nothing but cost more jobs. It is a ridiculous, 2200 page piece of dung legislation that will choke economic activity and economic growth.

Another brilliant piece of propoganda that the sheep and unemployed will applaud, but in real life is atrociously bad.

Obama is absolutely terrible at everything he does.
 

B_New End

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Yep...all the crazy leftists forget that the big government left has been in control since 2006...the same idiots that think you can tax your way to prosperity.

Oversized, bloated, imperialistic government has been around from way before 2006. W. was the biggest spender of all time until Obama.
 

MercyfulFate

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The financial reform will do absolutely nothing but cost more jobs. It is a ridiculous, 2200 page piece of dung legislation that will choke economic activity and economic growth.

Another brilliant piece of propoganda that the sheep and unemployed will applaud, but in real life is atrociously bad.

Obama is absolutely terrible at everything he does.

Yeah we should just let wall street corruption go unchecked, that's a good idea.

Your argument is the right wing talking point by the way, not very original.
 

lucky8

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You are all aware this reform bill doesn't address the largest causes of the housing crisis, right? All this administration has really done in regards to financial reform is prop up the old system that caused this mess...you all should enroll in a few finance classes and learn a thing or two about the credit default swap market...it's the one market that actually needs regulating yet has been entirely ignored...in fact, it's the sole reason why this crisis is in the trillions instead of billions...

argue it, I double dog dare you
 

D_Tully Tunnelrat

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You are all aware this reform bill doesn't address the largest causes of the housing crisis, right? All this administration has really done in regards to financial reform is prop up the old system that caused this mess...

argue it, I double dog dare you

No need to. I largely agree. There's been no real fiscal reform, and even less accountability, especially on the part of the politicians. Madoff maybe behind bars, but Fuld, Weil, and Greenburg roam and spend freely. Ditto Rubin, Frank and Dodd.