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Related: About this forumJon Stewart Rips Congress For Acting Like Children: ‘Full Metal A**holes’
VIDEO here: http://www.mediaite.com/tv/jon-stewart-rips-congress-for-acting-like-children-full-metal-aholes/
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(26,624 posts)include the Glass Steagall Act.
"Sen. Russell Feingold of Wisconsin was the lone Democratic opponent, saying the measure didn't go far enough.
Some liberals have criticized the bill for failing to more aggressively alter the structure of Wall Street and for leaving so many critical decisions to federal regulators, who missed many of the warning signs before the crisis.
"It's the dumbest argument I've ever heard," Dodd countered. "What do they expect me to write, a 100,000-page bill? This is far beyond the capacity, the expertise, the knowledge of a Congress" to detail every new regulation, he said.
Meanwhile, most Republicans continued to argue that the bill creates bigger, more intrusive government and fails to prevent future bailouts of financial companies using taxpayers' money. These critics joined with leaders in the banking and business communities in insisting that the new regulations will undermine the competitiveness of the U.S. economy, stifle growth and kill jobs at a time when unemployment is high."http://www.washingtonpost.com/wp-dyn/content/article/2010/07/15/AR2010071500464.html
Thank you Senator Feingold... for trying when everyone else wouldn't....