Subscribe to the Finance Headline RSS feed | Subscribe to the Finance Headline feed via EmailCongressional Democrats See Momentum on Financial Reform, Seek to Harmonize Bills
March 31, 2010 in Banking Report · 1 Comment
House Financial Services Chairman Barney Frank (D-Mass.) and Senate Banking Chairman Christopher Dodd (D-Conn.) told reporters March 24 that they have been working with the Obama administration to “harmonize” their financial regulatory reform proposals and predicted that a final bill will be enacted this year.
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Financial re-regulation should be the next item on the agenda – no ifs, ands or buts about it, boys and girls. We had thirty years of deregulated “Reaganomics” and look where that got us. It is my wish that one day the American people overcome their dysfunctional love affair with Ronald Reagan and wake up to the reality that the Gipper was a complete and utter fool.
I was starting to get a little depressed about President Obama. I feared he was on the fast track to becoming another Bill Clinton. It now seems that he might want to be another Franklin Roosevelt. He may be FDR Lite, but I’ll take what I can get, thank you very much.
This administration will really get some steam behind it once the midterm elections are behind it. Count on a major upset for “the party of Lincoln” (TOO FUNNY!) in November The months between now and then will only see their continual implosion.
Tom Degan