The so-called Financial Reform bill passed the Senate today. It is expected to clear the house next week and then go to President Obama’s desk where he will sign it. It is another criminal act by the lunatics running the asylum called government. It was written by the very people who help cause the mortgage meltdown, with the proposed intent of preventing it from happening in the future. This is as much a lie as the Federal Reserve act was created to prevent Depressions. Look how well that worked out. The great one happened not long after and we’re probably heading for an even bigger one.
This “Reform Act” is nothing but a laundry list of measures to help every crook, race hustler, union thug and leftist hack sink their fangs into what’s left of the American economy.
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.
Principal among them is a measure to make it easier for unions, environmental groups and other activist organizations that hold shares to put their representatives on the boards of directors of every corporation in the United States.
The so-called “proxy access” provision, which activist groups say they will use to try to improve oversight of corporate financial practices, has provoked a backlash from the Business Roundtable, U.S. Chamber of Commerce and other major non-Wall Street business groups.
“This legislation includes provisions totally unrelated to the financial crisis which may disrupt Americas fragile economic recovery” and lead to increasing political battles in the boardrooms, said John J. Castellani, president of the roundtable.
It also has illegal reparations for women and minorities in the shape of a whole bunch more “diversity” and affirmative action bureaucracies created to rule over every financial business in the country which will give sweeping powers to all sorts of axe-grinding fiends looking to shake down businesses. This bill will more than likely seriously hurt an already failing economy. And the ghouls in Washington are slapping each other on the back.
Turncoats like Scott Brown and Olympia Snowe helped get the thing through the Senate. Keep than in mind when they’re next election comes around.
Now they’re talking about using the same tricks to ram through Cap and Trade before the recess. They want to kill America while they’re still in power. That’s what it all comes down to.