Friday, December 11, 2009

Republicans Don't Care if Last Year's Financial Disasters Happen Again

Not a single Republican voted for a House measure that would restructure regulations to preclude future disastrous financial failures like all the ones that happened last year, nearly destroying the US economy.

From the Associated Press:

WASHINGTON – The House passed the most ambitious restructuring of federal financial regulations since the New Deal on Friday, aiming to head off any replay of last year's Wall Street failures that plunged the nation deep into recession.

The sprawling legislation would give the government new powers to break up companies that threaten the economy, create a new agency to oversee consumer banking transactions and shine a light into shadow financial markets that have escaped the oversight of regulators.

The vote was a party-line 223-202. No Republicans voted for the bill; 27 Democrats voted against it.

Again we ask: Why do Republicans hate America?

Read more here:;_ylt=Ap4fIWAyQkRSGBsgDZAl6QOs0NUE;_ylu=X3oDMTNscnJzMDVtBGFzc2V0A2FwLzIwMDkxMjExL3VzX2ZpbmFuY2lhbF9vdmVyaGF1bARjY29kZQNtb3N0cG9wdWxhcgRjcG9zAzEEcG9zAzIEcHQDaG9tZV9jb2tlBHNlYwN5bl90b3Bfc3RvcnkEc2xrA21ham9ybWFrZW92ZQ--

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