US Action News

Democrats are protecting Fannie Mae and Freddie Mac even as they required another 10+ billion dollar bailout with taxpayer money and will need yet more in the future.

Sarah Palin on Americans bailing out Greek socialists and the Dodd bailout bill.

Senate Republicans voted Wednesday to delay final action on a sweeping financial regulation bill, raising an obstacle to the legislation as it approached the home stretch.

Housing is like an alternative economy for the Democrats – they control it – its a big source of contributions.

To put it bluntly but absolutely accurately, this bill sets up a mechanism for the Treasury Secretary, the Federal Reserve, and the Federal Deposit Insurance Corporation to nationalize virtually any business they deem to be a threat to American “financial stability.”

Why ‘financial reform’ doesn’t touch the troubled lenders. Congressional Democrats should drop their resistance to reform proposals and make a break from their sordid history with these toxic firms.

Financial reform legislation being debated by the Senate needs to overhaul government involvement in U.S. mortgage finance giants Fannie Mae and Freddie Mac, Senator Richard Shelby, the lead Republican on the Senate Banking Committee, said on Saturday.

Shelby, speaking at a press conference outlining Republican concerns about the financial regulatory overhaul, said that the bill violated Americans’ privacy rights by allowing the government to collect any financial information from any financial firm.

The “too big to fail” concept is not the reason for the economic crisis. The problem is not Wall Street as a whole, but the hedge fund short sellers on Wall Street. They call themselves the “alternative investment community” and have organized themselves into a special interest group called the Managed Funds Association (MFA).

Another monster power grab disguised as ‘help’ for US. When will legislators stop this looting of the taxpayers?