WC Varones

Don't lend your hand to raise no flag atop no ship of fools

Financial Reform Bill would give these powers to a Regulator:

The Leninist steam-rollering of America is getting faster. It might be old news, but right now legislation inside the Financial Reform Bill making its way through the House and Senate grants power to a Federal Regulator to…

break contracts, look through the books of businesses without a search warrant, seize assets without an order from a judge, tell companies how they can make investments, who they can enter into contracts with, and tell companies how much they can pay their executives. The regulator would also have the power to decide whether or not certain sized companies should be broken up by policymakers. Oh, and a transaction tax would be put on every trade made in the markets.


What does that sound like to you?


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