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Obama calls for independent consumer advocate
Uzbekistan News.Net
Sunday 21st March, 2010
President Barack Obama has called on US legislators to work toward a broad bank-reform effort to include a consumer financial protection advocate.
The advocate would oversee banks, mortgages and credit cards.
Mr Obama, in his weekly radio speech, told the audience he wanted banking reforms to include a consumer agency to advocate for ordinary Americans "and help enforce the rules that protect them."
Democratic proposals in Congress are expected to create an independent consumer advocate, but Republicans have said they instead want the government to make sure banks are safe and solid so they can lend more.
Democrats have claimed only a powerful, independently funded advocate can effectively protect consumers from risky and deceptive mortgages.  Email this story to a friend
Comments on this story
` ~galljdaj+
03-21-10, 08:37 AM |
Obama calls for consumer advocate
I do not agree with Obama’s choice of an independant agent of consumers. Look what lil bush did to everything that was in comsumers' interests!
Obama has scrapped Our Only Recourse for Oath of Office Crimes! The Justice Deptartment was pulled off Prosecuting the lil bush gang!
Now any leader of the country can become another lil dictator in any area of choice for the bribes that satisfy him or her! The Ford, Good of the Nation Edict will apply and the consumers get to eat the crap!
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Anonymous
03-21-10, 02:03 PM |
Galljdaj,you support Obama and now you double standard talking shit now.
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` ~galljdaj+
03-21-10, 02:22 PM |
Your an incompetent messianic stripminer
... there is no double standard! Obama is being brought to the bar and being told to go over the bar not under it!
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Justincase
03-22-10, 04:58 AM |
After the congress voted for Health deform,USA made a first step to Socialist goverment as planned by Obama before he is elected by the inocents American.The white house will be a red house.
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