US Action News

Dodd-Frank appears to require almost a dozen different federal agencies to complete between 240 to 540 new sets of rules, along with approximately 145 studies that will very likely affect rule making.

Crowley left during the Dec. 10 debate over amendments to the legislation in order to attend his holiday fundraiser at financial industry lobbyist Julie Domenick’s home, which is also her office. He then came back and voted against amendments that would have strengthened the bill, the New York Times reported.?

Dodd-Frank is the product of a tired and discredited philosophy. Its the notion that you can solve a problem by reflexively piling vast new layers of bureaucracy, regulatory costs and taxes on it. Cost will be passed on to consumers and businesses. Call your senator and tell them to vote no!

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?

As we continue to tumble down the road to economic ruin, security vulnerability, and reduced health care benefits, things become “curiouser and curiouser.”

Chris Dodd on Financial Reform: “No one will know until this is actually in place how it works” ……..sounds like Nancy Pelosi on Health care, “you won’t know what’s in it until it’s passed.”

The devil is in the details of the monstrous new regulatory package, which Democrats hope to pass early next month. They reveal plans to reallocate credit and capital to the Democrats’ political base, while empowering race racketeers like Acorn with slush funds and advisory board seats.

This financial bill is a nightmare. ‘There is going to be a tremendous loss of freedom.’ Call your legislator NOW!

Politicians who vote for it aren’t serious about fixing the U.S. banking system.

It appears that the age of soft tyranny has ended, so be ready for more taxpayer-funded bailouts due to government-designed economic bubbles, based on unsound economic policy, and justified through social justice — all of which will be followed by major economic collapses.