Political Stuff - Wall Street

Barack Obama is creating the new Consumer Financial Protection Bureau to create accountability and oversight for the consumer credit market. This new agency is supposed to keep company's from misleading and confusing consumers with pages of indechipherable fine print. This bureau will reinforce the new credit card law and will ban unfair rate hikes.

http://content.usatoday.com/communities/theoval/post/2010/09/new-obama-aide-wall-street-needs-tough-cop/1

This is a great idea i think. Barack Obama and the Elizabeth Warren the one who is tasked with creating the new agency are on the right track. This new bureau is designed to level the playing field so us normal people without degrees in law wont have to worry as much about all that fine print that companys throw at us just so in the future if something goes wrong they can blame it on us. The republicans oppose putting Elizabeth Warren as the new chairwoman of this bureau. hmm who would have guessed that would happen. They are calling her anti business. Well we have learned in history being anti business can be good at sometimes like i dont know maybe before Teddy Roosevelt was president. I know we all know those were great times when the railroads charged nice fair prices and so did Carnegie and his steel industry, those were great times just like now. Some people have to take a lesson from history and learn that not all business is good business and that some people on wall street are not always for the better good. I mean do these Republicans actually think about what theyre saying. all these issues we have now with unfair business and the mistreatment of consumers were around way back when the country first started to have big business. The stupid people think that letting business go is the best way to keep the country going well guess what that didnt work. All you have  to do is take a look around to notice that the businesses are not exactly helping the situation right now. The basic thought here is we need more government control over financial decisions because we have learned time after time that people are stupid, dumb and dont have a clue about what is going on. If the government regulates more then it will atleast decrease the damage done by all of us idiots. And for all the republicans that are like ooo well thats like communism and communism is bad, no your horribly misled mr republican dumb ass. Communism is an amazing idea on paper everyone is equal thats a good thing but the problem in the people that try to implement it are not the greatest people. And having a little communism in our society would be good then people wont have to worry about how the market is going to swing next and wether or not theyre gonna have a job tomorrow. So again mr Barack Obama and Mrs Elizabeth Warren i agree with your move and think that it can only help our current situation.