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Old 06-28-2010, 06:54 AM   #1
megasprut

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Default Financial Overhaul Gives Government Broad New Powers To Seize Financial Firms
Financial Overhaul Gives Government Broad
New Powers To Seize Financial Firms

Brady Dennis
Washington Post
Friday, June 25, 2010

Key House and Senate lawmakers approved far-reaching new financial rules early Friday after weeks of division, delay and frantic last-minute dealmaking. The dawn compromise set up a potential vote in both houses of Congress next week that could send the landmark legislation to President Obama by July 4.
Lawmakers pulled an all-nighter, wrapping up their work at 5:39 a.m. — more than 20 messy, mind-numbing hours after they began Thursday morning.
“It’s a great moment. I’m proud to have been here,” said a teary-eyed Sen. Christopher J. Dodd (D-Conn.), who as chairman of the Senate Banking Committee led the effort in the Senate. “No one will know until this is actually in place how it works. But we believe we’ve done something that has been needed for a long time. It took a crisis to bring us to
the point where we could actually get this job done.”
Both the House and Senate must approve the compromise
legislation before it can go to Obama for his signature.
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Old 06-28-2010, 07:05 AM   #2
SoftrermaBioniaSat

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It's not a bad thing

Wealth needs to be distributed somewhat in US

Not like Sinkieland, the power and $$$ will only be in the hands with close ties with the cheebyes
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Old 06-29-2010, 10:46 PM   #3
DrBrightonone

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hi Hitler!
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