Featured Comments - Finance Reform

From Lou Dobbs, radio and TV host

Here are some comments made by Lou on the recent passage of the Finance Reform bill:

"Think this is a victory for Main Street, as the Democrats want you to believe? Nope. This is yet another step towards absolute socialism, and it's state sponsorship of our national economy.

We have taken a step today, and with the signature of the president, towards absolute socialism. And this is not regulation, folks, this is state sponsorship, this is pure statism. And it is not about a market, it is not about regulation, it is about defining the transactions that can take place within an economy that is now managed by the state. This is a disaster, and the disaster will be clear in the weeks and the months ahead as we watch the regulators take over from here."

He added: "No one has made the case that these derivatives are a necessary product to have in the marketplace. But they spent, those financial institutions, hundreds of millions of dollars to lobby Congress and the Senate, and by God, they got their payoff. Because what this legislation is about is pure cosmetics and folly."

America - WAKE UP!