http://news.yahoo.com/s/ap/20091211/ap_on_bi_ge/us_financial_overhaul
House scales back proposed Wall Street rules
"nearly half the Democrats teamed up with Republicans late Thursday to loosen restrictions on derivatives and reject tougher regulations…
"The legislation still imposes restrictions on derivatives, aiming to prevent manipulation in and bring transparency to a $600 trillion global market. An amendment by New York Democrat Scott Murphy, adopted 304-124 Thursday night, exempted businesses that trade in derivatives, not as financial speculators, but to hedge against market fluctuations such as currency rates or gasoline prices. The amendment also provided an exception for businesses that are not considered too big to be a risk to the financial system.
"A Democratic effort to make more companies subject to derivatives regulation failed 279-150.
"On Wednesday, pro-business Democrats succeeded in making it harder for states to enforce their own consumer protection rules on national banks. Under a compromise struck with Democratic leaders and Treasury officials, states would not be able to pre-empt federal consumer laws if the state law "materially" interferes with the business of banks.
"The bill is H.R.4173"
http://www.cbsnews.com/stories/2009/10/1…
Burris Becomes a Key Player on Health Care
Shunned illinois Senator Makes Waves for Saying He Won’t Vote for Bill Without Public Option
"It works this way: Burris stays mum about any bitterness he may feel about his reception, and he gets Obama’s Senate seat for two years. Democrats seat him, don’t speak of him, and get his loyal vote at a time when all 58 Democrats and two independents must vote together to prevent Republican filibusters. "
There is still an "ongoing" Senate ethics investigation of Burris. The only reason Burris is still in the Senate is that the head of the Senate ethics committee is Barbie Boxer (D CA), who is intenionally postponing the investigation purely for partisan political reasons.
And this right after the war President Obama did a "grab and run" for his NPP, then jetted back stateside, then shortly he will jet back to Copenhagen to discuss ways to force everybody else to cut back their emissions.
Has the "dumbing down" of America finally achieved its goal?
Start? It doesn’t stop.