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GoLeft TV

(3,910 posts)
Wed Oct 21, 2015, 06:04 PM Oct 2015

SEC Proposes Massive Wall Street Deregulation – Whose Side Is Obama On?

The Bush administration had enough sense to not push through a Wall Street deregulation plan in 2008. But today, the Obama administration has revived that same plan, and if it makes it through, fraud will become legal for many banks on Wall Street.

Ring of Fire's Farron Cousins discusses this.

25 replies = new reply since forum marked as read
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SEC Proposes Massive Wall Street Deregulation – Whose Side Is Obama On? (Original Post) GoLeft TV Oct 2015 OP
and "President Clinton" .... V0ltairesGh0st Oct 2015 #1
But, didn't Hillary tell them to cut it out? tecelote Oct 2015 #8
That line... V0ltairesGh0st Oct 2015 #9
100% tecelote Oct 2015 #11
She lost the debate by saying that alone. Enthusiast Oct 2015 #22
....x10+ 840high Oct 2015 #10
I guess I better find my magazine the showed candidate jwirr Oct 2015 #2
kick think Oct 2015 #3
Which presidential candidates will come out against this? think Oct 2015 #4
I used to like this man and now I do not trust him Angry Dragon Oct 2015 #5
IMHO, believing he is a very poor negotiator is charitable to an extreme degree. Enthusiast Oct 2015 #21
Like it or not, the SEC is an 'independent' agency, elleng Oct 2015 #6
So Obama's really a good guy, but a horrible judge of character? Scuba Oct 2015 #18
Obama grew up (mostly) in the home of a bank VP MannyGoldstein Oct 2015 #7
'MOSTLY?' elleng Oct 2015 #12
He attended the most prestigious private school in Honolulu, no? MannyGoldstein Oct 2015 #13
Yes, he and many attended the Punahou school. elleng Oct 2015 #15
"Congress doesn't regulate Wall Street; Wall Street regulates congress." ReallyIAmAnOptimist Oct 2015 #14
Plus one to the absolute Max! Enthusiast Oct 2015 #20
LOL, do we even have to guess? Skittles Oct 2015 #16
Well, we are coming up on the last quarter of the final term, so . . . markpkessinger Oct 2015 #17
Kicked and recommended! Enthusiast Oct 2015 #19
That's how I feel, too Art_from_Ark Oct 2015 #23
Bernie is the only answer to this madness at assist the banksters NCjack Oct 2015 #24
Looks like it, NCjack. Enthusiast Oct 2015 #25
 

V0ltairesGh0st

(306 posts)
1. and "President Clinton" ....
Wed Oct 21, 2015, 06:08 PM
Oct 2015

would continue the bankster injustice as sure as Obama has let us all down late into his presidency.

 

V0ltairesGh0st

(306 posts)
9. That line...
Wed Oct 21, 2015, 07:36 PM
Oct 2015

from her...should be the one that breaks her. But instead , poll and press bias continue to hand her wins over the whole discussion. This is far from over until the the last vote is counted !

tecelote

(5,122 posts)
11. 100%
Wed Oct 21, 2015, 07:40 PM
Oct 2015

Bernie is still relatively unknown. People of all walks of life are just discovering his message.

As you said... "This is far from over until the the last vote is counted!"

jwirr

(39,215 posts)
2. I guess I better find my magazine the showed candidate
Wed Oct 21, 2015, 06:19 PM
Oct 2015

Obama as FDR and throw it away. Didn't happen.

elleng

(130,126 posts)
6. Like it or not, the SEC is an 'independent' agency,
Wed Oct 21, 2015, 06:42 PM
Oct 2015

it and its members are not part of and controlled by any president's administration.

Presidents appoint SEC chairs and members; that's as far as their 'control' goes. Chairs are identified by their party affiliation and usually the same party as the president who appoints them, and the other members are majority of the president's party (for example, 3 Dem,) and minority the other party, (2 Repub.) This is true for many other administrative agencies also.

Compare, for example, with the Departments of Justice, State, and Labor, which ARE directly controlled by the administrations under which they act, and their Secretaries are part of the President's cabinet.

White's been a disappointment to me too, and maybe to the President, but he has no control over her actions.

elleng

(130,126 posts)
12. 'MOSTLY?'
Wed Oct 21, 2015, 07:58 PM
Oct 2015

Wasn't his grandmother a bank SECRETARY for many years? a SMALL bank, at that.

And, Manny, check out my post above, about the amount of 'control' President Obama, and any president, actually has over any SEC actions.

 

MannyGoldstein

(34,589 posts)
13. He attended the most prestigious private school in Honolulu, no?
Wed Oct 21, 2015, 08:05 PM
Oct 2015

That's the world he's used to, I think.

elleng

(130,126 posts)
15. Yes, he and many attended the Punahou school.
Wed Oct 21, 2015, 08:22 PM
Oct 2015

Means nothing to kids that their friends' folks are upper class, and I won't slam kids for living with their parents. Obama's family was not wealthy, and I don't think he grew up 'used to' a 1% life. (My impression.)

AND he felt kind of 'out,' due to being a person of color, as I recall.

14. "Congress doesn't regulate Wall Street; Wall Street regulates congress."
Wed Oct 21, 2015, 08:19 PM
Oct 2015

Bernie speaking truth.
Apparently the SEC was in a hurry to prove his point.


Technically one must replace "congress" with "the government", but it's essentially what Bernie was getting at.

markpkessinger

(8,381 posts)
17. Well, we are coming up on the last quarter of the final term, so . . .
Thu Oct 22, 2015, 12:43 AM
Oct 2015

. . . it's probably time to be thinking about what he's going to do after he leaves office.

Enthusiast

(50,983 posts)
19. Kicked and recommended!
Thu Oct 22, 2015, 07:26 AM
Oct 2015

I won't say it. I'd like to say it. But I won't. I will exercise restraint. I won't like it. Especially when we have no true voice in the media.

NCjack

(10,279 posts)
24. Bernie is the only answer to this madness at assist the banksters
Thu Oct 22, 2015, 12:25 PM
Oct 2015

in robbing all of us of everything, everywhere, all the time.

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