Monday
Mar012010
Dodd: CFPA Must Have 'Rule-Making Authority' (VIDEO)
Video: Word from Chris Dodd on financial reform and the status of Liz Warren's Consumer Financial Protection Agency -- Feb. 26, 2010
Feb. 26 (Bloomberg) -- U.S. Senator Christopher Dodd, a Connecticut Democrat and chairman of the Senate Banking Committee, says a new consumer protection authority needs rule-writing powers regardless of whether it's created as a separate agency or becomes part of an existing regulator. Dodd, who is leading negotiations on a financial regulatory overhaul bill, spoke in an interview for Bloomberg Television's "Political Capital With Al Hunt," which airs this weekend on Bloomberg TV.
Elizabeth Warren: Pass A Consumer Protection Agency Or Forget Regulatory Reform
Mar 1, 2010 at 3:08 PM
Reader Comments (15)
Why did he lie about his smoking?
A Perfectly Framed Assassination
http://online.wsj.com/article/SB10001424052748704511304575075701363436686.html?mod=WSJ_hp_mostpop_read
Woodland cheese shoplifter gets 7 years 8 months in prison
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gobias...i thought you also drank for mood elevation...
what do you do for a living and how old are you gobias...just curious...
Why Every Aspect of Dems' Handling of Wall St. Overhaul Seems Headed for Disaster
It's not just Dodd's collapse on the Consumer Protection Agency -- it's the whole financial reform enchilada.
http://www.alternet.org/news/145862/why_every_aspect_of_dems%27_handling_of_wall_st._overhaul_seems_headed_for_disaster
DB says...I never promised to be fair and balanced.
Ignore the elephants on the left. How's that hopey changey stuff workin' for ya?
You are in no position to patronize me. Let's leave that to Barry.
I will give you a Bushism...“You can't have it both ways. You can't take the high horse and then claim the low road.” DUBYA
"I want to have my lion and my eagle about me, that I may always have hints and premonitions concerning the amount of my strength or weakness. Must I look down on them today, and be afraid of them? And will the hour come once more when they will look up to me, and tremble?" Nietzsche
http://www.youtube.com/watch?v=4aLGkFpsdHo
If this is true the Consumer Protection Agency will end up another do nothing government program. A total waste of time and money. I wish November would hurry up and get here. We have to start getting rid of these owned by the banks and wall street people.
Our Constitution says that Congress is the only Body that can issue new money. If Congress created the new Money there would be no interest on the Money created.
We should not have a Central Bank. We should not have to pay interest on money created to Private Banks.
It becomes a double tax on Americans. They have to pay interest to the Banks for the creation of new Money and Americans existing Money is worth less because of the creation of new Dollars.
Interest on Money created and devaluation of existing Money.
How much of your Income Tax do you think goes to the interest on the Debt created from Zero to the Private Banks. I would bet 95%.
Plus, all of the Money can never be paid back because they lent you more than the Principal they also lent you the interest. So, even if you pay back the Principal where is the Interest created from? Nowhere. So, you always owe more than was created from Zero.
There is no way to ever pay back the Money Created as there is not enough Money in circulation to pay the increasing interest.
I am sure the Banks love this as it is a Never Ending Story.
It is widely known that Banks have "financed" Wars for both sides of the War. War is good for Banks as it creates interest to the Banks on Money created to fight those Wars.
I do not think the 2008 Financial Meltdown was by accident. As it created a huge need for the Creation of New Money with interest to the Banks to dig America out of the Crisis.
Loss of Jobs. Money needs to be created with interest to support the jobless and to create new jobs.
I think if you follow the Money you will see that most Wars and Crisis's are created or encouraged by the Banks to cause the creation of Money and the interest on that Debt.
The more Money created the higher the interest payments to the "Private Banks". This interest was never created and put into circulation so it is impossible to ever pay it off.
America cannot continue to pay interest on interest forever. There is not enough money in circulation to pay for all of the interest accruing. It becomes impossible to ever pay off.
Almost all of our Tax Dollars go to Private Banks in the form of Interest on the Debt Created from zero capital. Why should they receive interest on capital they never had?
Without Interest on Debt created from zero capital to a non Government entity we would not have a National Debt.
Why should "PRIVATE BANKS" receive interest on Money they never lent to America? They just created from zero.
Chart of who "owns" the Federal Reserve
http://www.save-a-patriot.org/files/view/whofed.html
DB asks...what do you do for a living and how old are you gobias...just curious...
You are in no position to patronize me. Let's leave that to Barry.
I will give you a Bushism...“You can't have it both ways. You can't take the high horse and then claim the low road.” DUBYA
"I want to have my lion and my eagle about me, that I may always have hints and premonitions concerning the amount of my strength or weakness. Must I look down on them today, and be afraid of them? And will the hour come once more when they will look up to me, and tremble?" Nietzsche
http://www.youtube.com/watch?v=4aLGkFpsdHo
I will have to view your silence as an apology for your veil of ignorance. Apology accepted.