How Obamacare Killed Financial Reform (or Obama Ain't On Your Side Either Suckah)

Discussion in 'The Red Room' started by Tuttle, Mar 2, 2010.

  1. Tuttle

    Tuttle Listen kid, we're all in it together.

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    No link, it's from a deeply embedded source. Besides, I don't think it says much that's open to credibility questions. And I gave some links from the article.

    Personally I'm glad Obama failed because his "reform" plans are so misguided - the real fix should be the repair to moral hazard from the now-adopted rule of 'too big to fail.' Fixing Fannie and Freddie makes sense. The same guys who broke it (Frank, Dodd) were being relied upon to craft the fix. Great, fix the broken parts - but not yet another consumer protection agency. WTF?, how many more government jobs do we need before the whole thing goes bust? The important financial regulatory reform (arguably, things like making hedge funds register with the SEC) continues to remain untouched because they've tried to bite off too much.
  2. Liet

    Liet Dr. of Horribleness, Ph.D.

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    It didn't. It does, however, provide a convenient excuse for those who are against financial reform but want to avoid the responsibility of casting a vote.

    And if only it were Obamacare. Obama's shown less leadership than the minimum that's humanly possible on health care reform. He never pushed for his own ideas--mostly because he never had them--and he let the matter linger and languish indefinitely in the House and Senate, never providing either carrot or stick. Watching Obama try to lead Congress is like watching Baba try to herd cats.
    Last edited: Mar 2, 2010
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