Another In The Dark Of Night Government Take Over

While you slept.

Hey folks,

Happy Sunday again. How was your Thursday night? Did you watch your favorite show? Maybe a Movie? What'cha have for dinner? Was it good? Off to sleep you went, resting your head, slipping off to sweet Dreams.

Meanwhile, the LWL was taking over MORE of YOUR Freedoms. That's right. Now before you get a loan, you will have to be approved by BOTH the Lender, and Obama. Well, an Independent, Obama APPOINTED, Person that answers to NO ONE. {Sigh}

The final Vote was no surprise either. The numbers are 20 to 11 to approve the Conference Committee's Report. On the Senate side, it was 7 to 5. The Votes fell along Party Lines, earning no support from Republicans on the two panels. NONE. Now they hope to have this Monstrosity, which now gives the government broad new powers to seize and wind down large, they DEEM failing, Financial Firms. They will also be overseeing the $600 Trillion Derivatives Market. Yes that's TRILLION. They hope to get it to Obama to sign into Law on? Can you guess? Yup. The day we set aside to celebrate our Independence and Freedom. That is NOT a coincidence.

2000 plus pages, which YOU never got a chance to read, and I would be willing to bet, they never read it either, that they do not even KNOW how it will work. Yet, they KNOW that this is what they wanted to do. I'm not kidding. They have NO IDEA how this is going to work.

"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."

Just utterly amazing. Seriously. They are taking over control of the ENTIRE Financial Market, they are putting themselves in charge of the $600 Trillion Derivatives Market, yet? "No one will know until this is actually in place how it works." Brilliant!

Folks, they are LYING to you. {Sigh} This is NOT going to hold ANYONE accountable. This is going to give the Government unprecedented power to seize and destroy ANY Financial Institution that they CHOOSE to.

Even if they do not know, nor do YOU, how the Dodd-Frank Bill will really work until they implement it, {which gives them all the room they need to add and change AFTER the fact} they are happy about this. Are you?

Oh, and by the way, then there is this.

They agreed to exempt the nation's 18,000 auto dealers from oversight by a new consumer financial protection watchdog, a striking legislative victory for one of the nation's most influential lobbying groups and a blow to consumer advocates and Democratic leaders who had long opposed such a loophole. "It is time for people like myself to concede that the votes are not there to give the consumer regulator any role in this," Frank said.

So the UNIONS win again? Anyway, more on this to come in the coming days I'm sure. Yet something else that the adults will have to fix, once you throw the children out.
Peter

Sources:
The Washington Post - House, Senate leaders finalize details of sweeping financial overhaul By Brady Dennis Washington Post Staff Writer Friday, June 25, 2010; 12:26 PM