House Financial Services Committee Approves Derivative Regulation

Every last republican voted against finance reform? If that doesn't tell Americans everything they need to know about republicans, nothing will. The republicans are jokes. I guess what happened last year was ok with republicans. The principles of the economy are sound, right? "No need to get involved with regulating the financial markets, we're too busy making sure Americans don't have health insurance." LMAO $220 million dollars spent this year to block financial reform. For the republicans it was money well spent. Except everyone knows that republicans can be bought off much cheaper.

It is about time, thank you Mr. President. Now we need to get the steagull-glass act reinstated so the banks can carry their own risks. And while we are at it repeal the commodities modernization act, both acts were written or repealed by republicans (gramm, lugar).

For Marley, Moderate and Rajura:
Get real! The current financial fiasco was due to Democrat insistance on selling mortgages to low income borrowers who could not afford to make the payments. The securitizing, pooling, and selling bonds against those mortgage pools and AIG not maintaining cash reserves to back up its insurance writing was recognized by the G.W. Bush administration as a forthcoming disaster but the Democrat congress refused to take action to prevent the meltdown when they ran out of foolish borrowers to satisfy the demand for these risky investments.

You must keep in mind that congress allowed dervaties be sold the way it was. Now they act like our hero who is going to solve this problem by comming up with a new law. Please, stop blaming one party for the others mistake. Both parties are at fault and the sooner you realize the faster we can clean house of the curropt people that are on both sides of the aisle.

If the congress would address the commodities rules that currently allow traders of oil contracts to margin (borrow) 90 per cent per contract and change that to 50 per cent or less...we would see the price at the pump become very stable very fast.. When people wonder about why the gas stations change prices daily its due to speculators who only have to put up ten [per cent of the contract to drive the prices where they want them to go...most often these are the traders on wall street and not the oil companies themselves..No one likes over regulation but the game is rigged
these days and its time to fix the underlying causes of this recession and its become clear that wall street has looked for huge profits at the expense of citizens in all countries.

It must be pointed out that in the past(before Obooboo)both party's were making very big mistakes and both party's were both voting for things that we didn't need or want

Obama gives Pakistan 7.5 billion for job creation while Americans continue to loose jobs by the thousands per week. What’s wrong with this picture?

The military is reporting high recruiting numbers in the US due to the lack of any other reasonable job opportunities and there job will be fighting to protect Pakistan and Afghanistan from themselves.

Let me get this right, the only jobs available in the US are government and military but we are sending both the lives of our young people and 7.5 billion dollars to Pakistan to create jobs over there.

Call me crazy but that sounds wrong and it also sounds like another gift to Islam from the President of the United States.

We need jobs here in America not our people being hired by the military to help create jobs in Pakistan. What the hell is wrong with our executive branch and congress. We are turning into the forgotten ones while Obama nation builds in the heart of radical Islam.

The congress better act before all of the news outlets start reporting the truth about Obama or they will have a real country full of anarchy right here. These facts should enrage the American public and I believe it will if they ever hear it on all of the news stations as they should.

The left wing media is intentionally and in some cases by order of George Soros ignoring the fact that this white house is intent on the destruction of any possibility of us returning to free market capitalism and no doubt driving the US dollar through the floor.

God help us if we do not unite against the enemies in our own house and force a return to rebuilding our own economy before we try to, as Obama said himself “SAVE THE WORLD” I guess he meant everyone but us?

Are you kidding me? This is all bogus information. All Frank did was create fixes for the banks to be able to use the loopholes. Rhetoric is a bitch when used for synical purposes and that is just what they are doing. The say reform and we just assume it's in our favor...NOT! Not banking, not healthcare, nothing.

There is no "left-wing" or "right-wing"...there is only the CRIME-RING!