Punching Stupid and Evil in the Face Since 1986!

"We are on strike, we the men of the mind. We are on strike against self-immolation. We are on strike against the creed of unearned rewards and unrewarded duties."-John Galt

Friday, June 25, 2010

Financial Overhaul Bill passes out of committee....no one knows what’s in it.

In another unbelievable act of hubris our legislatures have put together a mammoth bill that will not actually do anything, nor do they have any idea what's in it. A House-Senate conference committee to completed work on toughened financial rules for banks and financial institutions at about 5:30 this morning to the tune of more than 2,000 pages.
"It's a great moment. I'm proud to have been here," said a teary-eyed Sen. Christopher J. Dodd (D-Conn.), who as chairman of the Senate Banking Committee led the effort in the Senate. "No one will know until this is actually in place how it works. But we believe we've done something that has been needed for a long time. It took a crisis to bring us to the point where we could actually get this job done."
Yeah, again with the no one will actually know how it works or whats in it until we actually get it in place. Then they will probably have to pass a whole bunch of other laws, rules and regulations to make the bill even "better" because that is how our law making process now works. Pass a bill that makes no sense, does nothing good and promotes more socialistic policy-then improve it by passing amendments and other regulation later.

The depth and breadth of corruption, deal making and out-right lying being done by the people who are supposed to be take care of this country is completely disgusting. November may not come fast enough.