HousingWire:
A conference of House Representatives and Senators agreed early this morning on a sweeping financial regulatory reform bill after weeks of reconciliation between separate House and Senate versions.
The reconciled bill establishes the Consumer Finance Protection Bureau, ends taxpayer-funded bailouts, brings greater regulation to the derivatives market and provides grants through the US Department of Housing and Urban Development (HUD) to help mortgage borrowers facing foreclosure.....
....."I worked from day one to clean up the mess that Wall Street and special interests caused with their greed, bringing our economy to the brink of collapse," said Rep Mary Jo Kilroy (D-OH) in a statement. "Wall Street failed Ohioans and Americans when they took bets on no-win investments that led the economy off a cliff. Taxpayers shouldn't ever foot the bill of foolish risk takers who think they can rely on the government bailing them out when they mess up."
Thank you, Mary Jo Kilroy for your persistence in working toward Wall Street reform.
It is important to note that bankers and bank lobbyists are not happy with the legislation. Of course, that means it must be good!
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*** Thinking about voting in November? Check out the new website,
Raise Your Vote, to get information about your particular state's deadlines and requirements. You can get details about what to do if you are a college student away from home, in the military, out of the country, or interested in finding out about early voting.
**** Republican candidate for Ohio governor, John Kasich, has made it no secret that he'd rather be in New York than Ohio. (Although some people think Kasich still wants to run for the White House.) How much does Kasich love New York? I'm so glad you asked! From Ohiodems.org and posted on YouTube:
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As Ed Schulz just said on MSNBC-TV, the Senate Republicans rubber stamped trillions of dollars for tax cuts for the rich and two wars under President George W. Bush. Now the Republicans just discovered the national debt. (Did they just wake up?)
Last night the Senate Republicans voted to stop legislation for jobs, extend unemployment benefits for millions of people, and tax breaks for small businesses. Once again the Republicans have demonstrated that they just don't care about average, hard-working Americans, or Hispanics, college students, senior citizens, the poor, etc., etc. Here in Ohio we have the Bush family's best friend--- Rob Portman, as a candidate for U.S. Senate. Portman wants to bring back Bush's policies to Washington, DC. Really?