Financial "reform" bill .... the latest legislative disaster

Politics 29 replies 1,208 views
majorspark's avatar
majorspark
Posts: 5,122
Jul 12, 2010 10:27pm
gibby08;421872 wrote:I wasn't bitching about someone calling him a socialist,it's well within your rights to do so...

I just wish those that do know what the definition of socialist really is before they use it
That is what I meant when I said calling. I knew you meant that. I think most posters did. If anyone didn't you have cleared it up now.
gibby08's avatar
gibby08
Posts: 1,581
Jul 12, 2010 10:30pm
Got ya
G
gut
Posts: 15,058
Jul 14, 2010 10:48am
Funny thing about regulation.....For the most part, the C-students you have doing the monitoring are easily fooled and confused by the best & brightest getting the big bucks. You can act tough and get heavy on regulation but at the end-of-the day it's just lip-service and window dressing.
Q
QuakerOats
Posts: 8,740
Jul 15, 2010 9:10am
http://www.washingtontimes.com/news/2010/jul/14/finance-bill-favors-interests-of-unions-activists/

“Principal among them is a measure to make it easier for unions, environmental groups and other activist organizations that hold shares to put their representatives on the boards of directors of every corporation in the United States.
The so-called "proxy access" provision, which activist groups say they will use to try to improve oversight of corporate financial practices, has provoked a backlash from the Business Roundtable, U.S. Chamber of Commerce and other major non-Wall Street business groups.
"This legislation includes provisions totally unrelated to the financial crisis which may disrupt Americas fragile economic recovery" and lead to increasing political battles in the boardrooms, said John J. Castellani, president of the roundtable.”


Just a little more ................ change we can believe in ............................