US Action News

Beck compares past propaganda schemes to what is happening now in the Obama administration. He says Cass Sunstein is the most dangerous man in America. You better take notes.

As we’ve been warning here for weeks, this supposed ‘reform’ bill is a socialist nightmare. The bill allows seizure of business without judicial review and allows the government to look at all transactions even private ones. The Treasury department will have authority to bailout, seize or guarantee debt without judicial or congressional oversight. Call your lawmaker and tell them to say no to this dangerous bill.

Senate passes financial regulation bill giving the federal government vast new powers. Republicans slammed the bill for doing nothing to fix the problem of Fannie Mae and Freddie Mac, the two government-owned failed mortgage giants who have cost taxpayers $145 billion and are poised to hemorrhage hundreds of billions more over the next few years.

The Massachusetts Republican, who had voted against ending debate on Wednesday, met with Reid Thursday morning to voice his concerns regarding the bill’s effect on Massachusetts banks such as State Street and insurance firms such as MassMutual. House Financial Services Committee chairman Barney Frank, also of Massachusetts, weighed in Thursday with letters to Reid offering his own guarantees that the final bill would resolve Brown’s concerns.

The arrogance to this approach to governing is truly astounding. McConnell on financial reform bill.

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.”