Another Financial Crisis Looms?
April 19, 2010
Aaron Cantor
4/18/2010
Obama and his crew actually want the authority to be able to liquidate large financial companies to avoid a supposed meltdown.
Obama was quoted as saying: “Every day we don’t act, the same system that led to bailouts remains in place, with the exact same loopholes and the exact same liabilities, and, if we don’t change what led to the crisis, we’ll doom ourselves to repeat it, and opposing my reforms will leave taxpayers on the hook if a crisis like this ever happens again.”
He also wants to set up a council to supposedly detect threats to the financial system, as well as a consumer protection agency to POLICE people’s dealings with financial institutions.
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Harold
