Hey there were some out there who were stupid enough to vote for that clown -- perhaps some of them can't make simple decisions.........
I just don't think we should all be put in the same category.
Does the Harvard czar have to follow his own
Does the Harvard czar have to follow his own
Rulings?
Obama installs Harvard liberal who will decide what products are right for you
Monday, July 27, 2009
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From Porter Stansberry in the S&A Digest:
Even though the government appears unable to run its own two mortgage companies [Freddie and Fannie], OBAMA! wants to create an entirely new regulatory agency to police the financial decisions you make. I'm not making this up. The new agency – the Financial Protection Agency – will be led by a so-called financial regulatory "czar," who will determine if the financial products you're offered (credit cards, mortgages, home-equity loans) are "fair."
According to the legislation that's now proposed (Financial Protection Agency Act of 2009), the government will design a set of "standard" financial products that financial-products companies will be forced to offer. And the agency will have the power to forbid financial firms from making any competing offers if the government deems these products to be harmful.
Not only does OBAMA! intend to control what kinds of financial products you are allowed to use, he's installing a leading intellectual mother hen to be in charge of the whole thing – Cass Sunstein.
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