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PIVOTALAXIS

The pivotal axis point of an issue is neutral, around which many different points of view revolve.
Articles Posted: 8  Links Seeded: 39
Member Since: 3/2010  Last Seen: 1/10/2011

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Financial Reform Report Card

Seeded on Tue May 18, 2010 12:29 AM EDT
Read ArticleArticle Source: CounterPunch.org
financial, report, politics, reform, card
Seeded by PivotalAxis
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By DAVID DeGRAW

The financial reform process is providing definitive proof as to what the true priorities are for each Senator. The two most important amendments thus far have been the Brown-Kaufman (Democrat) amendment to break up the big banks (Voted down 61-33), and the Vitter (Republican) amendment to audit the Federal Reserve (Voted down 62-37). The Sanders amendment to "audit" the Federal Reserve was a positive step, but a very weak measure, hence its unanimous (96-0) passing.

The results thus far reveal that 10 Senators have emerged as American heroes, voting in favor of the American people and against the banks on both measures. Here are the Senators who deserve our support:

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  • Public Discussion (2)
4AWord

David, spell it out in English would you? I'm not a business-woman nor am I involved in politics. What does this article mean to victims of hostile takeovers who ran/owned stock in small regional banks which were bullied by the FDIC and taken over? I invest as little time as possible in governmental matters because I am so thoroughly disgusted and am on the verge of heaving up something vile.

    Reply#1 - Tue May 18, 2010 2:37 AM EDT
    tommymaybewrongmayberight

    Auding the reserve I like, I don't know if I want the goverment to have powers to break up the bank based on the decesion of one man or one department. Give me a the senate can vote to break your bank up and I might start to think about it, but giving that much power to the executive branch no thanks.

      Reply#2 - Tue May 18, 2010 2:56 AM EDT
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