| Author | Topic: Clowns to the left of me....jokers to the right (Read 24 times) |
Holland Junior Blessing
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Joined: Jun 2009 Gender: Female  Posts: 151
|  | Clowns to the left of me....jokers to the right « Thread Started on Oct 24, 2009, 10:59am » | |
here I am....fed up in the middle with politicians
http://www.tradingmarkets.com/.site/news/Stock%20News/2599000/
Democrats Vote To Give ACORN Regulatory Authority Over Financial Institutions Fri. October 23, 2009; Posted: 04:34 PM
Democrats Vote To Give ACORN Regulatory Authority Over Financial Institutions
WASHINGTON - During consideration of H.R. 3126, legislation to establish a Consumer Financial Protection Agency (CFPA), Democrats on the House Financial Services Committee voted to pass an amendment offered by Rep. Maxine Waters (D-CA) that will make ACORN eligible to play a role in setting regulations for financial institutions.
The Waters amendment adds to the CFPA Oversight Board 5 representatives from the fields of "consumer protection, fair lending and civil rights, representatives of depository institutions that primarily serve underserved communities, or representatives of communities that have been significantly impacted by higher-priced mortgages" to join Federal banking regulators in advising the Director on the consistency of proposed regulations, and strategies and policies that the Director should undertake to enforce its rules.
By making representatives of ACORN and other consumer activist organizations eligible to serve on the Oversight Board, the amendment creates a potentially enormous government sanctioned conflict of interest. ACORN-type organizations will have an advisory role on regulating the very financial institutions from which they receive millions of dollars annually in direct corporate contributions and benefit from other financial partnerships and arrangements. These are the same organizations that pressured banks to make subprime mortgage loans and thus bear a major responsibility for the collapse of the housing market.
In light of recent evidence linking ACORN to possible criminal activity, Democrats took an unprecedented step today to give ACORN a potential role alongside bank regulators in overseeing financial institutions. This is contrary to recent actions taken by the Senate and House to block federal funds to ACORN.
A recent inquiry into bank funding of ACORN activities by three House Committees found that institutions that would be regulated by the CFPA have provided millions of dollars to the organization in the form of direct donations, lines of credit, cash, and other assets over the last 15 years. to view the vote.
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PastorJack Global Moderator
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|  | Re: Clowns to the left of me....jokers to the righ « Reply #1 on Oct 25, 2009, 1:12pm » | |
It just keeps getting worse.
| Pastor Jack Howell Global Moderator
Let Jesus set you free! "Some bring God's curse on them by marking off part of the Bible, calling it erroneous, uninspired, less than the very Word of God." - Dr. John R. Rice
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Sandy Full Blessing
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Joined: May 2009 Gender: Female  Posts: 271
|  | Re: Clowns to the left of me....jokers to the righ « Reply #2 on Oct 29, 2009, 4:54pm » | |
I heard what was reported about them would not make any difference at all. Because Obama was already in bed with Acorn way back when. And as he said, he has better things to do than to pay attention to corruption from those that are getting all of this money right now, because once you become beholden to the whores, it is difficult to get out of it isn't it? And he owes them because they were partially responsible for getting him elected, which is well known.
We are in heap big trouble. The kind that some cannot see. Because they not only cannot see, but they also cannot hear either.
Meaning we had better be right with the Lord. As He is our only real hope the way things are going.
| Luv ya much, Sandy " Hatred stirreth up strifes, BUT LOVE COVERETH ALL SINS" (Pr. 10:12) |
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