Obama Gets Tough w/ Bankers...By Giving More Loopholes

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Comment by Franklin Ayers on December 15, 2009 at 11:09am
President Obama is not the legislative branch of the government. He is not a dictator. While I understand that Obama is not leaning on folks hard enough to get things done the power to do wht this young Turk brags that he would do lies in the legislative branch. I know that Barney Frank and others are pushing legislation to correct issues with the Federal Reserve and create new transparency and prevent this kind of thing from happening.

Apparently the Young Turk thinks that we live in a dictatorship, where Obama can just tell anyone what to do. Maybe it is because the Young Turk wants to be a dictator that he thinks this is oh so easy. I have tried watching their videos and they really show a lack of understanding.

All this said, I certainly want to see the banks be better regulated, have controls on how bail out money is used, and broken up to prevent "too big to fail" BS. There is legislation in the works to deal with these issues. Legislation happens in Congress. The President signs and approves.

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