| The free market is the best way to hold | | | | were never any hidden charges to begin with, |
| businesses accountable. Healthy competition will | | | | everything is spelled out in financial documents. |
| force companies to make wise decisions, limit high | | | | The small print and the numbers of pages was |
| risk deals, and protect their customers. The | | | | the problem. America - start reading! It's ironic |
| Financial Reform Bill squashes the free market and | | | | that the bill is 2000 pages. The government, just |
| will give the government even more power to | | | | like the banks, know we will never read it and |
| control Wall Street and ultimately main street. | | | | just trust them to take care of us. |
| It should first be said that even the congressmen | | | | Americans love credit. They knowingly signed on |
| who passed the 2000 page bill out of committee | | | | to higher rates just to get the cash. It was |
| have confessed they are not really sure how the | | | | unwise for many to do so. It was also unwise for |
| whole thing will play out. Once passed, the bill will | | | | the banks to lend to people unable to pay it back. |
| go to the thousands of government employees | | | | Try to get credit now. The banks have learned |
| sitting in cubicles to clarify the rules and develop | | | | their lesson and the people are cutting up their |
| enough paperwork to destroy all the trees in the | | | | credit cards like mad. This is the free market is |
| Amazon. You wanted big government, you got it | | | | working. Do we really need a huge government |
| baby. | | | | intrusion to muck up the works? |
| Here is what we know for sure. There will be | | | | The bottom line for us is a more complicated |
| many more regulations for the lawyers to salivate | | | | credit system and more fees. If you think the |
| over. Companies providing financial services will be | | | | fee system at banks is ridiculous now, just wait. |
| paying higher taxes and fees. The Federal | | | | Free checking will be a thing of the past and who |
| Reserve already controls the flow of capital to | | | | knows how many more fees will be passed on to |
| the banks for lending, but the process will now be | | | | us. All this in the name of "reform" and "consumer |
| more limiting. | | | | protection". |
| Basically, the state will run the banking industry. | | | | The economy is like the weather. It comes in |
| This is great news for Wall Street (they will never | | | | cycles. We're all responsible for the recent |
| be allowed to fail), and as usual, bad news for | | | | economic bust. A free market economy will |
| main street. This will continue the decline of the | | | | correct itself. These reform initiatives from the |
| smaller banks. They will either die or be eaten up | | | | government at best will slow the recovery. At |
| by the Wall Street boys. We, the little people, are | | | | worst, will bury us so far in debt that money will |
| promised "consumer protection". | | | | never flow for the finer things in life again. As the |
| Consumer protection is a misnomer. There are | | | | government takes more of the pie, the people will |
| only two reasons we need protection - first we | | | | have less to spend. Welcome to America, Mr |
| don't read, and second we make dumb decisions. | | | | Marx. |
| This bill promises no more "hidden charges". There | | | | |