re: #1157 Johnnyreb

Oh and don’t forget Dodd here in CT. He is not getting any donations for his run from anyone actually in CT. He is toast here and he knows it. I suspect that is one big reason they are trying to ram Obamacare down our throats fast.

Speaking of ramming stuff down our throat:

WASHINGTON (AP) — House Financial Services Chairman Barney Frank scoffed Wednesday at assertions that a new consumer protection agency would morph into “some out of control entity.”

“There is no pattern of overregulation I can see in the consumer area, and I don’t see one here,” Frank, D-Mass., said at a hearing on the Obama administration’s proposals to overhaul financial industry regulation in the wake of high-risk practices that led to the deep recession now under way.

Frank has a history of vision problems:

”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
…
Barney Frank: I don’t see anything in this report that raises safety and soundness problems.

The consumer-finance industry does need a good swift kick where it will do the most good. Unfortunately, I fear that the left’s cure will be worse than the disease, at least as far as those who use credit responsibly are concerned.