GOP circulates alternative regulatory plan, more limited consumer protections

[cal04]

http://news.yahoo.com/s/ap/20100427/ap_on_bi_ge/us_financial_overhaul_republican

Republicans are circulating an alternative plan for financial regulation that would provide more limited consumer protections than Democrats and would impose new regulations on mortgage giants Fannie Mae and Freddie Mac.

The 20-page document describes what Republicans have been seeking in negotiations with Democrats.

The top Republican on the Senate Banking committee, Sen. Richard Shelby, says the biggest sticking point with Democrats centers on consumer protections. Shelby said Democrats should seek to meet Republicans half way.

But the Banking Committee chairman, Democratic Sen. Chris Dodd, is adamant that he will not make changes to consumer protections in his bill.

[Turbineguy]

1. The GOP's

idea of consumer protection is to sell butt plugs to loosen things up a bit.

[denverbill]

2. So agree to all of their demands, in total. Get past the filibuster. Then amend all of their shit.

Make them go on the record in debates.

[Odin2005]

3. So f***ing predictable.

They are still playing the "ACORN caused the crisis by forcing banks to give houses to poor minorities" BS?