Posts
Corporate Communists, that is.
Do you dumb Republican supporters need any more proof than this that the Republican>Conservative>Tea Party is only out to help their corporate masters on Wall Street to fuck you over once again?
WASHINGTON (AP) — As the new Consumer Financial Protection Bureau officially opened its doors Thursday, the House was considering legislation that could restrict its authority to act against abuses of the financial system.
Republican sponsors of the bill say they are simply trying to promote transparency and accountability in the agency that was created a year ago as part of President Barack Obama's overhaul of the rules governing financial markets.
But the White House has threatened to veto the legislation, saying it would expose consumers to the same risks that led to the 2008 financial meltdown. The Democratic-controlled Senate is unlikely to take it up.
"The Republican majority," said Rep. Yvette Clarke, D-N.Y., at the opening of the debate, would like the American people to believe that a near-financial collapse never happened."
The Republicans want to create a 5 member bipartisan panel and the bill would basically make it easier for other financial regulators to block the agency from issuing new regulations which would help you from getting screwed over by the titans of Wall Street and the big banks.
Maybe I should consider a switch over to Republicanism as it seems to pay very well while you screw over your next door neighbor.
0 Comments:
Post a Comment