The Dodd-Frank Act to “reform” Wall Street isn’t yet a sure thing, votes-wise. New York’s congressional delegation can still do the right thing for the city and state — and should vote against this bad bill.
The measure would bring New York’s strongest banks and investment firms down to the level of the weakest, and turn Gotham’s premier industry into a collectivist monolith with no incentive to control risk.
And, in a move that’s guaranteed to push jobs out of New York, the feds want big investment firms, insurers and hedge funds to front $20 billion in two years for a “financial crisis special assessment fund.” All this does is give funds time to send assets abroad to escape the fee.
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The only thing that should have Dodd’s or Frank’s name on it is a sign outside a cell door in a federal penitentary.
As for the sidebar video, what exactly are the rules of engagement Canadian troops have to abide by? Do the insane American `how they lost in Vietnam` rules also apply to everyone else (the enemy exempted of course)?
Canada should go it’s own way and respond as we always do. If we can’t we leave — right now.
Not one more death in the interests of political correctness should be tolerated.
Color us “gone”.