Friday, April 15th, 2016

Wall Street Reform- Now

Pass the Wall Street reform now. There are no two ways about it. Wall Street is the place where it all started and led America down the path of misfortunes since 2008 and to this day. Everyone in this great land has suffered some kind of indignity and an economic hardship. The meltdown started at Wall Street and spread to every hard working home across the country.This wiped out trillions of dollars wealth for ordinary Americans. In the recent crisis, millions of American families saw their retirement savings or their children’s college funds fall dramatically. Some 8 million jobs were lost during Bush’s irresponsible governance and giving a free run to the Titans of Wall Street. Greed poured into every facet of mortgage backed securities and resulted in near the total collapse of mortgage and financial pillars of this country.

Never before I have seen such misery day after day, never before have I witnessed such carnage in the stock market either.

Wall Street reform will protect American consumers from abuse and predatory practices, and it will set clear rules of the road for the financial industry that will help prevent another financial collapse and finally cage this Greedy beast.

President Obama has proposed a series of reforms with two main objectives:

1) Create the strongest consumer protections in history so that Americans always get the information they need to make smart financial decisions

2) Rein in Wall Street abuses, hold the big banks accountable, and ensure that taxpayers never again have to bail them out

Wall Street reform will require tough new rules and greater transparency from investment advisors, financial brokers and hedge funds – holding them accountable while protecting investors and businesses.

To ensure that consumers have the protection they deserve, the President’s plan will consolidate the consumer protections now spread across seven government agencies into one single Consumer Financial Protection Agency.

Reform will put in place tough new capital requirements, rigorous standards and supervision to ensure that no financial institution is capable of bringing down the economy, and that taxpayers are never again forced to bail out big banks because they are “too big to fail.”

Therefore call your Senators now and join us here http://bit.ly/9c7cRA

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Comments

One Response to “Wall Street Reform- Now”
  1. WardTracey says:

    I strictly recommend not to hold off until you get enough amount of money to buy all you need! You can get the business loans or just commercial loan and feel yourself comfortable

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