Senator Gregg On Financial Reform Bill And Social Justice

Senator Gregg was part of a panel on CNBC covering the newly passed senate financial reform bill. What follows is 4 minutes and 17 seconds that you will want to hear. Sen. Gregg covers the problems with this bill including Freddie and Fannie not being addressed, the creation of the Freddie and Fannie debacle by Congress, and the Bureau of Consumer Protection.

…and the failure to take on Freddie and Fannie is almost malfeasance of a criminal level by the Congress, I mean the fact that we would leave on the table, well it’s like having a room, not having an elephant in it, but having the entire herd in it and saying the herd doesn’t exist.

…because this is not about lending for the purposes of having strong credit and good credit going out, it’s about lending to accomplish social justice purpose. That’s what the consumer agency is all about. This is a massive expansion on the agenda of the left in the area of domestic industrial policy.

How America Feels About Wall Street

How America Feels About Wall Street

I picked this photo up off of Christmas Ghost.  I am once again pointing out that conservatives are not fire breathing dragons, and do share some PUMA goals.  I want to know why our Congress and White House are talking to the likes of Paulson, when in fact we should be talking to the most successful CFOs in the country about what to do.  Stop taking advice from the folks that created and perpetrated this economic disaster.

This is exactly how I feel, and probably how numerous Americans feel about those Fannie and Freddie execs, the dems behind the meltdown, and the Wall Street bankers that bought all those bad loans thinking they were in the clear because Fannie and Freddie were guaranteed.  I also think our cowardly Congress should join them on the plank for selling us, our children and grandchildren down the river to pay for something that may not even work.  Thanks for that!

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