"House Republican Ldrshp tryng 2 drail financial rform undr guise that DC is supposd 2 serv the banks,not the consumers." - Frank Pallone
The hypocrisy meter is off the charts once again. Frank Pallone is saying he's for "the little guy" and the consumers when in reality it is the exact opposite! The so-called financial reform bill does more damage and takes away more freedoms than the healthcare bill! The financial reform bill gives the federal government the power to control any business that gives credit to their customers! But on top of that it also creates the “Office of Financial Research” a national database for the collection of YOUR personal bank account, loan, and other financial information.
Frank Pallone always likes to say he is against big corporations and big banks but yet the financial reform bill creates a permanent bailout fund for these big corporations and banks that he is supposedly against.
The financial reform bill takes away freedom from you the consumer and gives it to big government, big banks, and big labor. If you would like to find out more about the horrors of the financial reform bill here is a great article.