Senator Dodd's 20-Years-in-the-Making 'CREDIT CARD ACT'

[tomm2thumbs]

Run time: 09:07 https://www.youtube.com/watch?v=Tcl3fJHZzno   Posted on YouTube: April 10, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: April 10, 2009 By DU Member: tomm2thumbs Views on DU: 890

 

Question: How come it takes 20 years for this?

[Donnachaidh]

1. my question exactly -- are we supposed to APPLAUD him for finally doing something?

How long has he been on the banking committee? Call me a cynic, but he and other Dems are doing this stuff because they are running scared now that the economy has taken a massive shit. People are waking up, and looking back at the virtual free rein Dodd and others on this committee gave to the banks. He's worried about losing HIS job -- so he gets off his ass and starts doing something. Want a pat on the back Dodd? ROLL the rates back to single digit, and start hitting these companies with RICO charges.

Don't expect laurels from the consumers you FAILED to protect for the last 20 YEARS. :grr:

[lumpy]

2. At least Dodd has learned something during his Senatorial

tenure; more so than most of his fellows who have yet to educate themselves in the realm of 2+2=4.

[asp64064]

3. CONFIDENCE, OPTIMISM and MORE BS!

The only problem this country has is a lack of policy, regulation and law enforcement. The Banking melt-down, the Mortgage melt-down, the Health Care melt-down are all symptoms of corruption and a lack of law enforcement. The media talks about everything but law enforcement. We need enforcement of our laws not more BS from Washington. S~

[LeftHandPath]

4. My confidence will come back when...

we start seeing the people who committed this fraud put behind bars.

Unfortunately, Chris Dodd would be one of the first on the list.

Dodd is on the payroll of most of the insolvent banks who are now receiving welfare. He's corrupt to the core, and should be under indictment for receiving bribes.

[dothemath]

5. 'at his daddy's knee' ............

Agreed. Chris Dodd learned all he needed to know at his daddy's knee - also a Senator Dodd. The family has been feeding at the public trough for a couple of generations, at least. Look it up.

Just like 'retired' Senator Graham of FL and many others, the smart ones learn enough to sell themselves to those with the power to enrich them, remembering a most important caveat - the largesse CAN NOT come from the taxpayers directly. There must be an intermediary like, oh, I don't know, a Wall St. person? By George, I believe he's got it!

Personally, I prefer the democrats' enrichment method of choice as opposed to the rebublic(an)s when it comes to looking out for their 'future'. And if you haven't figured that out yet, you will not have a 'snowball's chance in hell of stopping it'.