Thursday, July 15, 2010

FINANCE BILL EXPLAINED

Read this article from "The Washington Times" Finance Bill Favors Interests of Unions, Activists

Besides all kinds of restrictive rules which will only result in higher cost to all or us, this bill expands the Government further by creating MORE THAN 20 new agencies.

Did you also notice the Finance Bill does little to reform the Fannie Mae and Freddie Mac situation. Fannie and Freddie were at the heart of the Mortgage Crisis.

Now I suggest you also read this article Senate VIP Loans Mount from the Wall Street Journal. When banks are foreclosing on loans that should never have been made, it is disgusting to the sweetheart deals our elected Congressmen and their staffs were receiving.

Here is another link to information about the Dodd-Frank Bill Financial Reform, R.I.P. from Forbes.com.

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