Curveball Alters Talks on Wall St. Reform

[ShockediSay]

Source: NYTimes

President Obama’s proposals to tax and curb the activities of Wall Street have thrown an unpredictable element into the debate over financial regulatory reform. They also have touched off an intensive new round of lobbying and raised questions in Congress over whether his plan will add urgency or merely bog things down....

“There is no question that this was presented to stoke and jump in front of a lot of populist furor,” said Senator Bob Corker, a Tennessee Republican who is working with Senator Mark Warner, a Virginia Democrat, on the problem of securities firms being so big and interconnected that their collapse could bring down the financial system.

“I think everybody watching understands that this was a political undertaking and not necessarily a substance undertaking,” he said. “This is a soak-the-rich populist grab.”

Read more: http://www.nytimes.com/2010/02/02/business/02regulate.html

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?soak-the-rich

I think the rich have been hosing us for way too many years and for way to much !!!

AND the lobbyist system is the reason so many disapprove of Congress.

[FiveGoodMen]

1. "Soak the rich," huh?

Eat the rich!

(be sure to cook them thoroughly first)

[PDJane]

3. No thank you.

Even cooked thoroughly, they taste bitter.

[jgraz]

13. That's why you soak them first.

A nice 6-hour brine will draw out those nasty flavors.

[Sherman A1]

5. Now I disagree on Eat the Rich

I don't think they would be tasty at all. I much prefer to keep Gitmo open and use it as a new "summer camp" for the Band of Crooks that we call CEO's and alike allowing them to enjoy many of the fun activities & water sports.

[FiveGoodMen]

6. Okay. Your plan sounds good, too.

[PDJane]

2. The rich tilted the board way back at the beginning.....

and they are, basically, stealing the wealth of the commons. Time to take it back.

If the poor are always with us, it's because the super-rich are always with us; you can't have one without the other.

[ShockediSay]

7. "Wealth of the Commons"

great tool for the propaganda war funded on the right wing by the corporatist
fascist leaning types

[yava]

16. The rich tilted the board way back at the beginning...

and you can't eliminate one without eliminating the other?
sounds nice though!

[No Elephants]

17. Stealing? It was handed to them by govenment. Abolishing laws and regulations established

as a response to the stock market collapse of 1929, which worked for decades. Refusing to enforce whatever laws and regulations remained. Incompetence or worse, as will several examinations of Madoff, followed by a green light every time. Almost unconditional bailout. Over a year after the TARP, still no new regulations.

They did not have to bother themselves to steal.

[naaman fletcher]

18. "they"?

Come on. It is obviously the case with the banks, the insurance companies, drug companies, etc.

But the average millionaire is a self-made small businessman.. many of them are farmers.


Let's try to separate the discussion between earned wealth and unearned wealth.

[denverbill]

4. Unsoak the rich maybe. We soaked them with TARP money already.n/t

[FailureToCommunicate]

8. Douse them with the cold water of paying their fair share of taxes -personal and corporate- and

bring back regulations of the Glass- Steagall sort...
(A kid can dream can't he?)

[Gidney N Cloyd]

9. First WMDs, now this. We gotta stop this Curveball guy.

[caraher]

12. My first thought as well! nt

[DBoon]

10. why not soak the rich?

the rest of us have been getting soaked for 30 years.

The rich should have their chance too

[L0oniX]

11. Fuck the rich and their bull shit trickle down mantra.

[fascisthunter]

14. How about We Wring your Necks

take your money and then through you all to the people you directly harmed.

[truthisfreedom]

15. Not exactly, Senator Bob. What's happening here is that Obama wants big business

to pay its fair share for being able to fleece the little people of this country.