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Fri Dec 19, 2014, 10:31 PM

Obama threatens to veto any measures to weaken consumer protections

Source: Reuters

Dec 19 (Reuters) - President Barack Obama on Friday threatened to veto any efforts by a Republican-controlled Congress to weaken measures aimed at protecting consumers from abuses in the financial system.

"If they try to water down consumer protections that we put in place in the aftermath of the financial crisis, I will say no," Obama told a news conference. "And I'm confident that I'll be able to uphold vetoes of those types of provisions." (Reporting by Washington newsroom; Editing by Chris Reese)

Read more: http://in.reuters.com/article/2014/12/19/usa-politics-obama-veto-idINW1N0SV01P20141219

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Arrow 17 replies Author Time Post
Reply Obama threatens to veto any measures to weaken consumer protections (Original post)
JonLP24 Dec 2014 OP
MannyGoldstein Dec 2014 #1
Tommymac Dec 2014 #11
onecaliberal Dec 2014 #2
Tommymac Dec 2014 #9
obxhead Dec 2014 #3
electricray Dec 2014 #4
quadrature Dec 2014 #5
project_bluebook Dec 2014 #6
Tommymac Dec 2014 #10
SoapBox Dec 2014 #12
SammyWinstonJack Dec 2014 #7
DeSwiss Dec 2014 #8
PoliticAverse Dec 2014 #13
Cha Dec 2014 #14
RunInCircles Dec 2014 #15
sendero Dec 2014 #17
Scuba Dec 2014 #16

Response to JonLP24 (Original post)

Fri Dec 19, 2014, 10:55 PM

1. Like if Wall Street wants to jeopardize the FDIC by using it

 

to bail out bad derivatives bets, he'll veto it?

Just a torrent of BS.

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Response to MannyGoldstein (Reply #1)

Sat Dec 20, 2014, 02:47 AM

11. Ya gotta think 11th dimensional Orwellian - getting rid of protections will protect them from abuse

I am starting to grok this President. Now let me go put on my rain slicker...

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Response to JonLP24 (Original post)

Fri Dec 19, 2014, 11:11 PM

2. That boat has already sailed

When he signed the budget bill.

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Response to onecaliberal (Reply #2)

Sat Dec 20, 2014, 02:39 AM

9. ^^^ This ^^^

Closing the door after the horse has run free.

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Response to JonLP24 (Original post)

Fri Dec 19, 2014, 11:19 PM

3. By ramming the TPP/TTIP up the backsides of the WORLD

 

without any serious oversight?

Ah fuck it, I can bring a few cigars home next time I return from Cuba! w00t!

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Response to JonLP24 (Original post)

Sat Dec 20, 2014, 12:10 AM

4. Early New Year's Resolution?

Unfortunately, as a labor advocate, I stopped believing that I am one of the "consumers" he is helping to protect when he signed the bill allowing Wall Street to consume our pensions.

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Response to JonLP24 (Original post)

Sat Dec 20, 2014, 12:19 AM

5. the Consumer Protection Bureau is funded from the FerderalReserveSystem...

 

bypassing Congress.
which is not in the spirit
of the US Constitution...

perhaps the VIP transportation
wing at AndrewsAFB could be defunded,
there is always Amtrac an the US Navy

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Response to JonLP24 (Original post)

Sat Dec 20, 2014, 12:20 AM

6. So, he signed the spending bill that took money away from pensioners

 

and gave the banksters a blank check. Is that protecting consumers from abuses?

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Response to project_bluebook (Reply #6)

Sat Dec 20, 2014, 02:40 AM

10. ^^^ This ^^^

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Response to project_bluebook (Reply #6)

Sat Dec 20, 2014, 03:43 AM

12. Yup.

...terrible.

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Response to JonLP24 (Original post)

Sat Dec 20, 2014, 12:33 AM

7. um yeah

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Response to JonLP24 (Original post)

Sat Dec 20, 2014, 01:52 AM

8. Whoops, I've already left for Wall Street......

 



- I'll see ya there later maybe, huh?!

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Response to JonLP24 (Original post)

Sat Dec 20, 2014, 04:10 AM

13. Unless the measures are attached to an important bill he favors? n/t

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Response to JonLP24 (Original post)

Sat Dec 20, 2014, 05:24 AM

14. THanks Obama.. mahalo Jon

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Response to JonLP24 (Original post)

Sat Dec 20, 2014, 08:32 AM

15. Cheap Talk not backed up by Actions

Given the budget bill he just signed This appears to be a blatant lie!
Oh perhaps he means consumer protections for Wall Street.
If congress weakens those protections he will immediately find his veto pen!

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Response to RunInCircles (Reply #15)

Sat Dec 20, 2014, 09:09 AM

17. Pretty much...

.... Obama's stock in trade. A lot of talk.

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Response to JonLP24 (Original post)

Sat Dec 20, 2014, 08:53 AM

16. So he's gonna veto the CROmnibus????

 

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