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Re: rockie101 post# 72678

Wednesday, 05/20/2009 12:14:36 AM

Wednesday, May 20, 2009 12:14:36 AM

Post# of 728535
Thanks for posting that Marayatano.

It's a preview of the upcoming new regulatory legislation that will increase Federal rule over run away financial institutions.

Since we don't have an alien governing mothership hovering over us and obviously greed got the upper hand in a big way, the common man needs someone to step in and at least threaten large financial interests with a big stick, such as seizure, if they get so big and careless as to, say start packaging liar loans into AAA bonds.

That is what that document is about; the up coming legistlation that will increase the FDIC's and the Executive Branch's power over large, large money.

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