The New Financial Overhaul Bill
By: T F Stern
T F Stern’s Rantings
It’s Wednesday and Obama is supposed to sign the new financial overhaul bill passed by the Democrats, a bill filled with new regulations. The content of the bill is not widely known; but as with other pieces of legislation, we’ll have to wait until it’s signed into law to find out the particulars.
“Large, failing financial institutions would be liquidated and the costs assessed on their surviving peers. Borrowers will be protected from hidden fees and abusive terms, but also will have to provide evidence that they can repay their loans.”
Wouldn’t it be nice if the pot calling the kettle black was held to the same standard? Congress with its inability to work within a budget would be liquidated. Taxpayers would be protected from hidden fees and abusive terms and Congress would have to provide evidence they could repay everything being spent.
Rumor has it one section of the bill calls for the elimination of red colored ink on negative spending. Favored substitute colors have yet to be announced; however a reliable source claimed Michelle Obama was leaning toward lilac. Looking at so many negative figures on the nation’s spread sheet has turned the public’s attitude against the Obama administration and Congress; red is definitely not a friendly color.
Public schools have found red ink causes poor students emotional stress and have substituted softer colors in order to make them feel better about themselves as they become potential members of society. The same concept will be implemented on congressional budgetary items previously referred to as deficit spending; in the future such negative spending will be called “potential growth spending.”
In other news, Obama and his advisors have decided to change the name of the nation’s capitol from Washington to something more upbeat. From now on Congress will meet in the Emerald City. A parade will be held in conjunction with Green Day to celebrate the limitless powers usurped by the Environmental Protection Agency. Dorothy, Tin Man, Scare Crow and Cowardly Lion will be attending, a reminder that any group of fools are capable of success. The car of choice for this year’s Parade Marshall is the all electric Chevy Volt. Toto will lead the way followed by a Horse of a Different Color; pay no attention to the man behind the curtain. I’m not sure about where to file this article; under government and history or more appropriately, fairy tales and other fiction.