US Action News

The financial reform bill expected to clear Congress this week is chock-full of provisions that have little to do with the financial crisis but cater to the long-standing agendas of labor unions and other Democratic interest groups.

Massachusetts Republican Sen. Scott Brown said Monday he will support the financial regulation bill currently under consideration in the Senate, greatly increasing the chance that Democrats will be able to pass the legislation into law.

Diversity ‘czars’ would be responsible for making sure that each of the major federal financial regulators is hiring enough minorities and women, and contracting with enough minority-owned and women-owned businesses. However, each individual diversity czar is responsible for defining exactly how many minorities, women, and minority- and women-owned businesses are satisfactory.

It’s a bad bill. There is no reason to rush this process, other than that the Democrats want to pass this legislation while they have favorable numbers, leaving themselves plenty of time to pass other bad pieces of legislation before the public has its say in November.

A defeat of this bill would help avoid a double dip recession. The bill is dishonest because it does not deal with Fannie or Freddie, the main engines of our collapse. Call your senator 202-224-3121

David sounds off on why lawmakers’ words don’t match their costly actions. Call your senator and tell them to vote NO on this costly and ineffective finance ‘reform’ bill that has been cobbled together by crooks to feed their campaign supporters.

The sheer complexity of the 2,319-page Dodd-Frank financial reform bill is certainly a threat to future economic growth. The bill all but guarantees bailouts as far as the eye can see, while failing to address real problems like Fan and Fred and our outdated bankruptcy code.

This is the ‘reform’ bill. Kill community banks and institutionalize bailouts for big banks and Wall Street. How long will you let the Democrats loot the taxpayers? Will it take the end of all private businesses to awaken the people?

Michele Bachmann explains how the ‘reform’ bill does nothing to get at the root causes of the financial crisis and still uses borrowed taxpayer money to fund it. The bill makes government bailouts permanent.

The Obama Administration knows very well that passing the financial reform bill is not going to improve the unemployment picture, or solve the economic crisis, or even prevent the stock market from crashing again.