The Big Picture (putting it all together)

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Dodd Bill KILLS Jobs, Creates Permanent Bailout

Today, Obama promoted another government takeover bill, this time the financial sector is the target. The bill is basically a sweetheart deal for the banking industry, much like how ObamaCare was a bailout for the insurance companies. The 1,408 page bill includes many provisions like the creation of a permanent and unlimited bailout authority for Wall Street and has the potential for making it difficult for startup businesses to succeed.

Obama claims the bill will “put a stop to tax-payer-funded bailouts” when in reality the bill will create a permanent and unlimited bailout mechanism for the big banks and companies that are ‘too big to fail’.


http://noworldsystem.com/2010/04/23/goldman-sachs-lawsuit-helps-obamas-bailout-bill/