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P.L. 111-203, The Dodd-Frank Wall Street Reform and Consumer Protection Act (15 comments ↓ | 21 wiki edits: view article ↓)

  • This item is from the 111th Congress (2009-2010) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

H.R. 4173 would provide for financial regulatory reform, to protect consumers and investors, to enhance Federal understanding of insurance issues, to regulate the over-the-counter derivatives markets.

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The Big Financial Services Regulation Bill

Want to get more info on the big bill to change around the way financial services are regulated? That’s H.R. 4173, the “Dodd-Frank Wall Street Reform and Consumer Protection Act.” Here’s a summary of the “Dodd-Frank Wall...

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Visitor Comments Comments Feed for This Bill

Herb

December 8, 2009, 11:00pm (report abuse)

How is a bill that will cost me $124 a year a 'protection" bill.????

Sounds like another, stick it to the consumer dodge.

Bill46

December 9, 2009, 2:33pm (report abuse)

Besides what Herb said, how does a bill that adds over $15 Billion to the deficit benefit anyone. I am in the mortgage business. I agree with consumer protection and legitimate disclosure, but this MASSIVE web of regulation assures that no reasonable citizen would EVER be able to understand the mortgage process. That leads to abuse, so what is being resolved?? It is interesting that legislative hearings only invite the captains of industry, never the guy who is in direct contact with consumers every day. I am sure that they think mortgage professionals are as stupid as the consumers they endeavor to protect. Enough is enough.

newdawnlaw

December 10, 2009, 12:42am (report abuse)

You may as well join the banksters my friend. It is about authorizing judges in bankruptcy court to strip the lien of a mortgage on a primary residence down to the present value of the collateral, the home itself. Wall Street and the Bank Defrauds NEED TO REAP WHAT THEY HAVE SOWN!!!

cheesfoto

December 11, 2009, 3:38pm (report abuse)

I am currently reading "Benjamin Franklin In His Own Words". In a letter to an English buraucrat in 1773, he states that "while it is true that parliamentt has the right to make laws for the Colonies, it is also true that they have the right not to make laws." Today we have plenty of laws and buraucracies with too many non-productive buraucrats. It is time that congress ended money wasting programs before they duplicate them with more money wasting programs. If the people working in these programs are actually tallented , they should have no problem finding work in the private sector.

Jim C

December 11, 2009, 4:26pm (report abuse)

The best way to prevent theft from those immoral and profiting from scams which destabilize the economies is to undo provisions which allow certain lenders advantage over others such as title 11 section 1322(B)(2)

Of course the banksters want that special treatment. However, they will not abide with ethical practices and victimize many without regulations to prevent their abuse.

Hopefully this legislation passes since regulation and law correction with unjust exceptions will be sure to revive our economy and keep people under roof and paying successful mortgages with fair terms to consumers and reasonable profit to the investors.

Jan B

December 11, 2009, 5:29pm (report abuse)

Kill this Bill - Protect the Consumers not the banks !!!

spiritrouper

December 12, 2009, 3:30pm (report abuse)

It all started in 1913 when a cartel of elite money changers of the world convinced Congress to give away their Constitutional duty to control our dollar to a private corporation owned by these evil slime.

During this time they, with the help of our bought off politicins have ruined the dollar and have placed the citizenry into perpetual debt.

Hell, not only defeat this bill, but support Ron Paul. End the damnable FED!

http://www.americatec.com

Big Black And Handsome

December 12, 2009, 7:53pm (report abuse)

The Whites be taking down every country and civilization - its about time the reaper come calling -Obama is helping out us brothers let him be the boss !!!

cpkinCA

(logged-in user) December 14, 2009, 3:33am (report abuse)

hello anyone there?

cpkinCA

(logged-in user) December 14, 2009, 3:35am (report abuse)

any trolls????? LMAO!!

cpkinCA

(logged-in user) December 14, 2009, 3:36am (report abuse)

I'm SO good!! (pats self on back)

cpkinCA

(logged-in user) December 14, 2009, 3:42am (report abuse)

sometimes thigs are not what they appear!

RoseKnows

March 10, 2010, 3:36pm (report abuse)

Obama is not helping you out, Brother. He is only looking out for himself in future elections. Open your eyes.

KenW

June 30, 2010, 12:07am (report abuse)

I'm sorry Bill46, did you just infer that you, as in "mortgage professionals" are not as "stupid as the consumers they endeavor to protect"?

Unemployed Patriot

July 10, 2010, 3:52pm (report abuse)

The Act signed in 1913 gives the Banksters the power to create money out of perpetual debt. Our system needs to be changed before you can pass laws regulating it.

“We must not let our rulers load us with perpetual debt. We must make our election between economy and liberty or profusion and servitude. If we run into such debt, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements,[we will] have no time to think, no means of calling our miss-managers to account but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers. And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for[another]...till the bulk of society is reduced to be mere automatons of misery... And the fore-horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.”

-Thomas Jefferson

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