John Berlau: It’s the nationalization, stupid
by Rossputin | 5:52 am, May 15, 2010 | 1 Comment
Over at BigGovernment.com, CEI’s John Berlau explains a truly frightening provision of Chris Dodd’s “regulatory reform” bill, a provision which gives government authority to shut down any company based on a suspicion that it might pose risk to the financial system. The potential for political chicanery here is unlimited and Republicans must continue to block this bill until all such powers are removed from it and until regulation of Fannie Mae and Freddie Mac are included in it…and even that really won’t be enough to turn this legislative equivalent of a burning bag of dog excrement into something worth supporting.
See “Dodd’s Bank Bill: Worse Than ObamaCare. It’s the Nationalization, Stupid!“
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May 15th, 2010 @ 10:59 pm
I warned about this weeks ago in comments here and elsewhere.