Bailout Bill Would Require Banks to Track and Report Personal Checking Accounts to Feds

by Capitol Confidential BigGovernment.com 4/29/2010

It’s amazing to watch the civil libertarians hide when Democrats propose the most sweeping intrusions of privacy in generations. In addition to the litany of bad policies contained in the Dodd Financial Reform bill is this nugget on pages 1039-1040. In short, it extends government reach to every deposit account […]

Senators Close To Deal On Financial Reform: WSJ

Wallace Witkowski MarketWatch Pulse via FoxBusiness.com 4/28/2010

SAN FRANCISCO — Sens. Christopher Dodd, D-Conn., and Richard Shelby, R-Ala., are close to an agreement to give the federal government the power to unwind failed financial firms that threaten to destabilize the economy, The Wall Street Journal reported Wednesday on its Web site, citing people familiar with […]

Calabria: Dodd’s Connecticut Kickback

David Freddoso Washington Examiner 4/27/2010

CATO’s Mark Calabria writes in the New York Post that the financial reform bill’s “too big to fail” provisions would not necessarily have applied to AIG because financial institutions structured as insurance companies aren’t automatically covered:

The Senate bill, sponsored by Democrat Chris Dodd, claims to subject all “too big […]

The man who promised a new era of bipartisanship just killed the bipartisan bank deal

Rick Moran The American Thinker 4/26/2010

You might recall that it happened with the jobs bill as well. Republicans negotiate in good faith, an agreement is reached, and the president pulls the rug out from under the GOP’s feet:

Robert Kuttner writing at Huffpo:

Although Senate Banking Committee Chair Chris Dodd and his sometime […]

Geithner to Pressure Collins—Man the Battle Stations

Capitol Confidential BigGovernment.com 4/19/2010

Sen. Susan Collins (R-ME) understands that the Dodd Financial Reform bill they are trying to ram through the Senate is a bailout. She has publically opposed the legislation. But that hasn’t stopped the Administration from pressuring her to change her mind.

The Wall Street Journal reports that Treasury Secretary Tim […]

Memo to Washington: No more bailouts

Editorial Washington Examiner 4/18/2010

Senate Minority Leader Mitch McConnell is catching hell from the Washington establishment for having the temerity to tell the truth about the fine print in the Obama-Dodd Wall Street reform bill. McConnell is raising alarms about the proposal’s provision to make Washington bailouts a permanent feature: “It’s almost as if the […]

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