I swiped this from one of the KOS blogs...it's accurate and I am sure it will really please those on the far, far right... 
Below is a brief summary of the major accomplishments of the Obama Administration and this Congress.
Major Legislation:
Financial Reform Bill "represents the most profound restructuring of financial regulation since the Great Depression". Below is a brief outline of the bill:
Creation of a new Consumer Financial Protection Bureau to be housed in the Fed.
The new agency will have the power to write and enforce new rules governing mortgages and other financial products and Banks with more than $10 billion in assets would be subject to examination.
The government will be given the power to seize and close down large failing firms.
Shareholders and unsecured creditors would bear losses, and management would be removed. Nearly all derivatives deals will have to be conducted through central clearinghouses, so investors can be confident about settling their bets, and firms will have to raise money to cover any unexpected losses.
Most derivatives would be traded on public exchanges, not in private side deals.
Large Wall Street banks will have to spin off some of their trading of derivatives.
The Fed, FDIC and Office the Comptroller of the Currency would each have jurisdiction over different types of banks, with the FDIC, for instance, regulating state banks while the OCC would be responsible for national ones.
The Patient Protection and Affordable Care Act is a sweeping piece of legislation that will allow 32 million Americans access to health care coverage. The key changes are outlined below (note these changes will take place between 2010
Below is a brief summary of the major accomplishments of the Obama Administration and this Congress.
Major Legislation:
Financial Reform Bill "represents the most profound restructuring of financial regulation since the Great Depression". Below is a brief outline of the bill:
Creation of a new Consumer Financial Protection Bureau to be housed in the Fed.
The new agency will have the power to write and enforce new rules governing mortgages and other financial products and Banks with more than $10 billion in assets would be subject to examination.
The government will be given the power to seize and close down large failing firms.
Shareholders and unsecured creditors would bear losses, and management would be removed. Nearly all derivatives deals will have to be conducted through central clearinghouses, so investors can be confident about settling their bets, and firms will have to raise money to cover any unexpected losses.
Most derivatives would be traded on public exchanges, not in private side deals.
Large Wall Street banks will have to spin off some of their trading of derivatives.
The Fed, FDIC and Office the Comptroller of the Currency would each have jurisdiction over different types of banks, with the FDIC, for instance, regulating state banks while the OCC would be responsible for national ones.
The Patient Protection and Affordable Care Act is a sweeping piece of legislation that will allow 32 million Americans access to health care coverage. The key changes are outlined below (note these changes will take place between 2010
Why don't people from Occidental or Columbia remember Barry? Professors? 
