yep, it will be in his speech tonight…..
And pundits will cheer, slobber, pat themselves on the backs over another slogan, and have no idea what will happen if he does… Since I know, I’m going to tell you….
ON DAY ONE, IF MITT ROMNEY NULLS AND VOIDS THE WALL STREET REFORM BILL……
A) FDIC insured funds drop from $250,000 down to $100,000…..
B) The burden for paying the FDIC Insurance shifts from Big National Banks, to small ones.
C) The overall size of the FDIC fund shrinks, leaving multiple banks without protection.
D) Gone is the regulatory agency that protects consumers from abusive practices from unscrupulous people.
E) No longer will anyone be watching the big national banks to make sure they don’t create another depression.
F) Derivatives trading which is now traded openly, can go back to the shadows which caused the last depression.
Of course this is just posturing and pandering by Romney. No one will ever write off these regulations. It is just a political stunt…. or at least we hope…
But the point is, if you want to avoid another Great Depression, then you need to vote Democratic… Pure and Simple… And you need to give them a majority in the Senate and the House….
i can’t believe the media does not even know what removing the Wall Street Reforms entails… Someone should donate to them some 5 Hour Energy…..