Personal Responsibility?

Really? That's actually a Progressive trait. Conservatives think TOO much and don't react fast enough, which is what Democrats always have a problem with. You seem very confused.

 

On December 1, 2014, the House of Representatives passed H.R. 5421, the Financial Institution Bankruptcy Act ("FIBA" ); which, if enacted into law, would create a new subsection V to Chapter 11 of the Bankruptcy Code for insolvent bank holding companies. This legislation mirrors S. 1861 that would amend the Bankruptcy Code to add a separate Chapter 14 proceeding for banks and large financial entities. (Currently, banks are ineligible for bankruptcy reorganization under 11 U.S.C. § 109(b)(3)(B ), and an insolvent bank is put into federal receivership administered by the FDIC that insures deposit accounts.) What FIBA and S.1861 are really about is the repeal of title II of Dodd-Frank restrictions on proprietary trading by bank entities and their holding companies and its "orderly liquidation authority" provisions. Not surprisingly, both pieces of legislation are backed by the powerful banking lobby that has promoted the proposed amendments to the Bankruptcy Code on the rather speculative (if not outright specious) assertion that bankruptcy would avoid future taxpayer bailouts as occurred following the economic crash in 2008. However, this is hardly likely, as both FIBA and S.1861 would leave in place - with but brief respite - the "safe harbor" provisions for financial derivative contracts in the Bankruptcy Code, while repealing the restrictions on trading in such high-risk securities under Dodd-Frank, as well as its provisions for enforcing the accountability of highly compensated bank executives. Whichever is enacted, it will be back to business as usual; and what happened in 2008 will surely happen again; and you and I (and everyone not responsible) will end up paying for it.

 

"I didn't know about it until I saw it on the news"

http://www.realclearpolitics.com/vi...t_fast__furious_until_he_saw_it_in_media.html

-B. Obama.

Lol I love when someone talks about Republicans needing to take responsibility when our Blamer-in-Chief has never once done so. He's thrown Hildawg under the bus, he's thrown Holder un the bus, he's thrown Carney under the bus.

Obama is the biggest example of someone NOT taking responsibility.

He's the very definition of the OPPOSITE of leadership.

 

Had to pick one or the other, doesn't mean he was a friend of conservatives but at least he was not an enemy.

 

Given the repub habit of claiming that almost everything is SOMEONE ELSE'S FAULT, NEVER THEIRS, the above doesn't impress me,

 

That's because it's bipartisan issue. It's laughable to not believe both parties backed it. And by parties I mean the politicians.

 

By no stretch can anyone claim Dubya to be a Conservative, paleo- or otherwise.