Quote:
Obama to propose strict new regulation of financial industry
Michael Sohn / Associated Press
President Obama is expected to unveil a plan that would give the government new powers to seize key companies whose failure jeopardizes the financial system.

The plan would give the government new powers to seize key companies whose failure jeopardizes the financial system, as well as creation of a watchdog agency to look out for consumers' interests.

By Jim Puzzanghera
June 16, 2009

Reporting from Washington -- The Obama administration this week will propose the most significant new regulation of the financial industry since the Great Depression, including a new watchdog agency to look out for consumers' interests.

Under the plan, expected to be released Wednesday, the government would have new powers to seize key companies -- such as insurance giant American International Group Inc. -- whose failure jeopardizes the financial system. Currently, the government's authority to seize companies is mostly limited to banks. ---MORE---

(06-16-2009 09:12 AM)Rebel Wrote:  

Quote:
Obama to propose strict new regulation of financial industry
Michael Sohn / Associated Press
President Obama is expected to unveil a plan that would give the government new powers to seize key companies whose failure jeopardizes the financial system.

The plan would give the government new powers to seize key companies whose failure jeopardizes the financial system, as well as creation of a watchdog agency to look out for consumers' interests.

By Jim Puzzanghera
June 16, 2009

Reporting from Washington -- The Obama administration this week will propose the most significant new regulation of the financial industry since the Great Depression, including a new watchdog agency to look out for consumers' interests.

Under the plan, expected to be released Wednesday, the government would have new powers to seize key companies -- such as insurance giant American International Group Inc. -- whose failure jeopardizes the financial system. Currently, the government's authority to seize companies is mostly limited to banks. ---MORE---

He's a f'n Marxist. There is no other way to put it.

(06-16-2009 01:50 PM)RobertN Wrote:  

(06-16-2009 09:12 AM)Rebel Wrote:  

Quote:
Obama to propose strict new regulation of financial industry
Michael Sohn / Associated Press
President Obama is expected to unveil a plan that would give the government new powers to seize key companies whose failure jeopardizes the financial system.

The plan would give the government new powers to seize key companies whose failure jeopardizes the financial system, as well as creation of a watchdog agency to look out for consumers' interests.

By Jim Puzzanghera
June 16, 2009

Reporting from Washington -- The Obama administration this week will propose the most significant new regulation of the financial industry since the Great Depression, including a new watchdog agency to look out for consumers' interests.

Under the plan, expected to be released Wednesday, the government would have new powers to seize key companies -- such as insurance giant American International Group Inc. -- whose failure jeopardizes the financial system. Currently, the government's authority to seize companies is mostly limited to banks. ---MORE---

He's a f'n Marxist. There is no other way to put it.

You are a psychotic. There is no other way to put it.

(06-16-2009 01:59 PM)DrTorch Wrote:  

(06-16-2009 01:50 PM)RobertN Wrote:  

(06-16-2009 09:12 AM)Rebel Wrote:  

Quote:
Obama to propose strict new regulation of financial industry
Michael Sohn / Associated Press
President Obama is expected to unveil a plan that would give the government new powers to seize key companies whose failure jeopardizes the financial system.

The plan would give the government new powers to seize key companies whose failure jeopardizes the financial system, as well as creation of a watchdog agency to look out for consumers' interests.

By Jim Puzzanghera
June 16, 2009

Reporting from Washington -- The Obama administration this week will propose the most significant new regulation of the financial industry since the Great Depression, including a new watchdog agency to look out for consumers' interests.

Under the plan, expected to be released Wednesday, the government would have new powers to seize key companies -- such as insurance giant American International Group Inc. -- whose failure jeopardizes the financial system. Currently, the government's authority to seize companies is mostly limited to banks. ---MORE---

He's a f'n Marxist. There is no other way to put it.

You are a psychotic. There is no other way to put it.

Just curious. Is there anything this administration could do that would worry you?

Let's keep in mind, we're still in Iraq, we're still in Afghanistan, the Patriot Act has been ramped up, taxes are up, deficit spending is up...

(06-16-2009 09:12 AM)Rebel Wrote:  He's a f'n Marxist. There is no other way to put it.

Quote:In addition, the administration wants to impose regulation over the market for derivatives -- the murky financial contracts used to hedge risky investments -- including new reporting and disclosure requirements. Institutions that originate loans would be required to retain 5% of the credit risk when the loans are turned into securities.

(06-16-2009 02:52 PM)Artifice Wrote:  BTW, on topic, I don't care how ridiculously partisan you are, this is a GOOD thing:

Quote:In addition, the administration wants to impose regulation over the market for derivatives -- the murky financial contracts used to hedge risky investments -- including new reporting and disclosure requirements. Institutions that originate loans would be required to retain 5% of the credit risk when the loans are turned into securities.

Long overdue, and I'm not sure that 5% is enough.

(06-16-2009 02:41 PM)Artifice Wrote:  But with 95% of the threads on this board being "bash Obama for anything we can even remotely tie to him and spin in as detrimental of a manner as possible" - where would that leave any democrat a chance to object? I'm an independent who has voted once for a democrat for President in my life, and it wasn't Obama, and I still can't even have a voice here. You either hate Obamagog Hussein, or you're a "far left liberal nutcase communist marxist atheist islamofascist" around here. Again, this isn't an objective political discussion board - it's a "bash Obama/libruhls or GTFO" board. Just look at the the first page of threads. It's ridiculous.

(06-16-2009 02:59 PM)WMD Owl Wrote:  

(06-16-2009 02:52 PM)Artifice Wrote:  BTW, on topic, I don't care how ridiculously partisan you are, this is a GOOD thing:

Quote:In addition, the administration wants to impose regulation over the market for derivatives -- the murky financial contracts used to hedge risky investments -- including new reporting and disclosure requirements. Institutions that originate loans would be required to retain 5% of the credit risk when the loans are turned into securities.

Long overdue, and I'm not sure that 5% is enough.

It should be at least 25-30%, but all that does is put more money on insurance companies who will issue the coverage on the risk.

(06-16-2009 03:01 PM)Rebel Wrote:  

(06-16-2009 02:41 PM)Artifice Wrote:  But with 95% of the threads on this board being "bash Obama for anything we can even remotely tie to him and spin in as detrimental of a manner as possible" - where would that leave any democrat a chance to object? I'm an independent who has voted once for a democrat for President in my life, and it wasn't Obama, and I still can't even have a voice here. You either hate Obamagog Hussein, or you're a "far left liberal nutcase communist marxist atheist islamofascist" around here. Again, this isn't an objective political discussion board - it's a "bash Obama/libruhls or GTFO" board. Just look at the the first page of threads. It's ridiculous.

You have 485 posts of "not having a voice here", whack job.

(06-16-2009 03:21 PM)Artifice Wrote:  

(06-16-2009 03:01 PM)Rebel Wrote:  

(06-16-2009 02:41 PM)Artifice Wrote:  But with 95% of the threads on this board being "bash Obama for anything we can even remotely tie to him and spin in as detrimental of a manner as possible" - where would that leave any democrat a chance to object? I'm an independent who has voted once for a democrat for President in my life, and it wasn't Obama, and I still can't even have a voice here. You either hate Obamagog Hussein, or you're a "far left liberal nutcase communist marxist atheist islamofascist" around here. Again, this isn't an objective political discussion board - it's a "bash Obama/libruhls or GTFO" board. Just look at the the first page of threads. It's ridiculous.

You have 485 posts of "not having a voice here", whack job.

So what does that make your 16,473? And how much respect does anything I say receive? "whack job" pretty much answers that question.

BTW, thanks for the unsolicited insult.

(06-16-2009 03:31 PM)Rebel Wrote:  

(06-16-2009 03:21 PM)Artifice Wrote:  

(06-16-2009 03:01 PM)Rebel Wrote:  

(06-16-2009 02:41 PM)Artifice Wrote:  But with 95% of the threads on this board being "bash Obama for anything we can even remotely tie to him and spin in as detrimental of a manner as possible" - where would that leave any democrat a chance to object? I'm an independent who has voted once for a democrat for President in my life, and it wasn't Obama, and I still can't even have a voice here. You either hate Obamagog Hussein, or you're a "far left liberal nutcase communist marxist atheist islamofascist" around here. Again, this isn't an objective political discussion board - it's a "bash Obama/libruhls or GTFO" board. Just look at the the first page of threads. It's ridiculous.

You have 485 posts of "not having a voice here", whack job.

So what does that make your 16,473? And how much respect does anything I say receive? "whack job" pretty much answers that question.

BTW, thanks for the unsolicited insult.

...and thank you for insinuating that we here at NCAABBS are Nazis who don't allow others to speak.

(06-16-2009 09:12 AM)Rebel Wrote:  

Quote:
Obama to propose strict new regulation of financial industry
Michael Sohn / Associated Press
President Obama is expected to unveil a plan that would give the government new powers to seize key companies whose failure jeopardizes the financial system.

The plan would give the government new powers to seize key companies whose failure jeopardizes the financial system, as well as creation of a watchdog agency to look out for consumers' interests.

By Jim Puzzanghera
June 16, 2009

Reporting from Washington -- The Obama administration this week will propose the most significant new regulation of the financial industry since the Great Depression, including a new watchdog agency to look out for consumers' interests.

Under the plan, expected to be released Wednesday, the government would have new powers to seize key companies -- such as insurance giant American International Group Inc. -- whose failure jeopardizes the financial system. Currently, the government's authority to seize companies is mostly limited to banks. ---MORE---

He's a f'n Marxist. There is no other way to put it.

(06-16-2009 03:53 PM)Artifice Wrote:  No. But don't let that stop you from making flippant remarks instead of addressing my point.

(06-16-2009 04:52 PM)NIU007 Wrote:  

(06-16-2009 03:53 PM)Artifice Wrote:  No. But don't let that stop you from making flippant remarks instead of addressing my point.

It pretty much is a bash-Obama-board. I usually don't bother posting in any of those threads. Save yourself the aggravation.

(06-16-2009 05:34 PM)Paul M Wrote:  And it would take far longer than 8 years to approach the amount of Bush bashing that is still taking place.

(06-16-2009 02:41 PM)Artifice Wrote:  

(06-16-2009 01:59 PM)DrTorch Wrote:  

(06-16-2009 01:50 PM)RobertN Wrote:  

(06-16-2009 09:12 AM)Rebel Wrote:  

Quote:
Obama to propose strict new regulation of financial industry
Michael Sohn / Associated Press
President Obama is expected to unveil a plan that would give the government new powers to seize key companies whose failure jeopardizes the financial system.

The plan would give the government new powers to seize key companies whose failure jeopardizes the financial system, as well as creation of a watchdog agency to look out for consumers' interests.

By Jim Puzzanghera
June 16, 2009

Reporting from Washington -- The Obama administration this week will propose the most significant new regulation of the financial industry since the Great Depression, including a new watchdog agency to look out for consumers' interests.

Under the plan, expected to be released Wednesday, the government would have new powers to seize key companies -- such as insurance giant American International Group Inc. -- whose failure jeopardizes the financial system. Currently, the government's authority to seize companies is mostly limited to banks. ---MORE---

He's a f'n Marxist. There is no other way to put it.

You are a psychotic. There is no other way to put it.

Just curious. Is there anything this administration could do that would worry you?

Let's keep in mind, we're still in Iraq, we're still in Afghanistan, the Patriot Act has been ramped up, taxes are up, deficit spending is up...

I'll play:

Would he have a chance to? Obviously, Robert is Dem partisan and will probably agree with most of the party's platform and ideology.

But with 95% of the threads on this board being "bash Obama for anything we can even remotely tie to him and spin in as detrimental of a manner as possible" - where would that leave any democrat a chance to object? I'm an independent who has voted once for a democrat for President in my life, and it wasn't Obama, and I still can't even have a voice here. You either hate Obamagog Hussein, or you're a "far left liberal nutcase communist marxist atheist islamofascist" around here. Again, this isn't an objective political discussion board - it's a "bash Obama/libruhls or GTFO" board. Just look at the the first page of threads. It's ridiculous.