Posted by Patriot, a resident of the Another Pleasanton neighborhood neighborhood, on Oct 10, 2011 at 1:39 pm
All this posturing by Republicans and Democrats, and bad journalism by Fox News and CNN isn't helping matters.
"Indeed, the banks have in part have acted in response to the 2008 crisis and bailout, which required financial institutions to retain a higher amount of capital reserves. The agreement for federal aid was followed by a Wall Street reform bill supported by President Obama and named after two Democratic lawmakers, ex-Sen. Chris Dodd and Rep. Barney Frank, which capped swipe fees on debit cards and imposed regulations on lending, among other items. The law also ended the practice of the federal government bailing out banks."
The law did not end the practice. The law did little good and a lot of harmed. I fail to see how regulating debit card fees helps bank customers or prevents another economic disaster from happening.
What is so sad is that Democrats and Republicans created this mess and we need to vote for leaders who can fix it. Obama? Romney?
Posted by hoops, a resident of the Danbury Park neighborhood, on Oct 11, 2011 at 2:43 pm
I am so tired of the right and the left not being able to form a compromise.We are becoming closer to the israeli-palestinian neverending conflict and not being Americans.If this country was taken over by a group of intelligent business people who had to solve these problems like they would a failing business it would be done and fixed.We would have some new taxes,some deficit reduction,some gov't spending on infrastrucure.Everybody would have to give something to get us on track again.We need to end all the political bs and admit that we have a huge financial crisis and fix it.All the posturing from both parties and all of the special interest bs is killing us.We can continue to act like complete incompetent idiots and call each other names with no compromise or we can put all the bs aside and FIX IT.It shouldn't be so hard.