Next week you will hear President Obama and the Democrats tout the passing of the most sweeping financial reforms since the Great Depression.
It’s all a crock!
This 2,000 page bill does nothing to address the root cause of our most recent financial meltdown.
This whole bill is another “dance” to fool the public written by corrupt Chris Dodd who got sweetheart loans from Countrywide before they went belly up, and Barney Frank, who once said that Fannie Mae was financially stable.
What this bill really is is another expansion of the Federal government creating thousands of more government workers that will suck the taxpayers dry.
It won’t prevent another financial crisis because Fannie and Freddie are still in business, if you can call what they do business, billions of dollars in the red and will eventually need to be bailed out once again by guess who.
Obama and the Dems disparately needed a talking point for the upcoming mid-terms, and they got one.
But, for the rest of us, we’ll take it where Barney Frank likes it.
If you get my drift!
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