WASHINGTON—Congress approved a rewrite of rules touching every corner of finance, from ATM cards to Wall Street traders, in the biggest expansion of government power over banking and markets since the Depression.
The bill, to be signed into law soon by President Barack Obama, marks a potential sea change for the financial-services industry.
Now, the legislation hands off to 10 regulatory agencies the discretion to write hundreds of new rules governing finance. Rather than the bill itself, it will be this process—accompanied by a lobbying blitz from banks—that will determine the precise contours of this new landscape, how strict the new regulations will be and whether they succeed in their purpose. The decisions will be made by officials from new agencies, obscure agencies and, in some cases, agencies like the Federal Reserve that faced criticism in the run-up to the crisis.
The Commodity Futures Trading Commission has designated 30 "team leaders" to begin implementing its expansive new authority...
The legislation creates a council of regulators to monitor economic risks; establishes a new agency to police consumer financial products; and sets new standards for the way derivatives are traded.
The bill "is a 2,300-page legislative monster…that expands the scope and the powers of ineffective bureaucracies," said Sen. Richard Shelby (R., Ala.).
Supporters and critics agree the impact of the bill will be determined over several years.
The law's passing "is the beginning of the process and not the end," says Satish Kini, co-chair of the banking group at law firm Debevoise & Plimpton LLP. "The shape of the reform won't be known until the regulators have spoken."
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re: "every corner...sea change...hundreds of new rules...beginning of the process"
As stated, what just went down in D.C. - the 'quaking' and 'remaking of the U.S. financial landscape', is just the beginning. In fact, the true scope of this so-called financial reform is not being told at all. The beauty of this for the power-usurpers is that with no specific details at this point, the absolute takeover of the U.S. financial industry can now proceed systematically "over several years" with as little attention paid to it as possible. The "precise contours of this new landscape", to quote the above author, will take shape no doubt under cover of the typical mass-distraction techniques of the NWO Bureau of Propaganda.
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re: "every corner...sea change...hundreds of new rules...beginning of the process"
As stated, what just went down in D.C. - the 'quaking' and 'remaking of the U.S. financial landscape', is just the beginning. In fact, the true scope of this so-called financial reform is not being told at all. The beauty of this for the power-usurpers is that with no specific details at this point, the absolute takeover of the U.S. financial industry can now proceed systematically "over several years" with as little attention paid to it as possible. The "precise contours of this new landscape", to quote the above author, will take shape no doubt under cover of the typical mass-distraction techniques of the NWO Bureau of Propaganda.
Hey, what do you think about Mel Gibson...?
What is known, for one, is that new dictatorial control to "monitor" everything has been granted to another group of unaccountable political appointees, the Orwellian-sounding "council of regulators". Apparently what happens next must wait until these "have spoken". Not good.
When trying to grasp the significance of these financial landscape-remaking "sea changes", it should be clearly understood that the whole premise for this legislation is the created ordo-ab-chao financial economic collapse of '08. In other words, an invented scenario, designed solely to create the justification to force the all-encompassing 666 financial power grab, using the very weak excuse..."we have to take over to prevent another 'collapse'". When this is understood, it is relatively easy to see right through all of it:
quoted from this related post: Encroaching Global Dictatorship Takes Giant Step: Senate Passes Draconian "Financial Regulatory Bill' 5-23-10 "The invented global 'financial-debacle' of the last year and nine months or so has been created for this very reason - to provide the rationalization needed to take absolute control of commerce, not only in the U.S. but globally, so as to then seize the power to "manage every facet" of it...Voila, the plan is working exactly as designed." [see post]
and: 'Government' Putting Knife In Back Of Corporate America: Flaunting Open Dictatorship 10-21-09 "Self-appointed obama-czars, i.e. Zionist-Sanhedrin wannabes, under the guise of last year's absolutely fabricated 'financial meltdown' created the scenario, in part, to OPENLY take over corporate America. Invent a financial crisis, 'lend' money to the 'crippled' firms, then swoop in and take control of the companies while the 'loan' is still outstanding. This is exactly what was done." [see post]
***
On a side note, in seemingly true Cabalist "as above, so below" fashion, the tremendous 'shaking' that occurred in the financial power realms - the remaking of the "financial landscape" as it was referred to, coincided with a very rare earthquake in Washington D.C. shortly after Washington D.C. Senators passed the bill. That is quite a coincidence. Shake for shake it almost seems. Was it a real quake? It almost seems like it could have actually been a little 'bomb'-quake, perhaps even triggered by the NWO Cabalist/Zionist self-proclaimed masters-of-the universe, in a victory toast to themselves, all popping the corks from their champagne bottles at the same time in celebration of their successful takeover. But, who can say.
see: Small quake hits Washington, D.C., area "WASHINGTON, July 16, 2010 (Reuters) — A small 3.6 magnitude earthquake shook the Washington area on Friday morning, but there were no reports of injuries or damage in a region not usually associated with quakes."
When trying to grasp the significance of these financial landscape-remaking "sea changes", it should be clearly understood that the whole premise for this legislation is the created ordo-ab-chao financial economic collapse of '08. In other words, an invented scenario, designed solely to create the justification to force the all-encompassing 666 financial power grab, using the very weak excuse..."we have to take over to prevent another 'collapse'". When this is understood, it is relatively easy to see right through all of it:
quoted from this related post: Encroaching Global Dictatorship Takes Giant Step: Senate Passes Draconian "Financial Regulatory Bill' 5-23-10 "The invented global 'financial-debacle' of the last year and nine months or so has been created for this very reason - to provide the rationalization needed to take absolute control of commerce, not only in the U.S. but globally, so as to then seize the power to "manage every facet" of it...Voila, the plan is working exactly as designed." [see post]
and: 'Government' Putting Knife In Back Of Corporate America: Flaunting Open Dictatorship 10-21-09 "Self-appointed obama-czars, i.e. Zionist-Sanhedrin wannabes, under the guise of last year's absolutely fabricated 'financial meltdown' created the scenario, in part, to OPENLY take over corporate America. Invent a financial crisis, 'lend' money to the 'crippled' firms, then swoop in and take control of the companies while the 'loan' is still outstanding. This is exactly what was done." [see post]
***
On a side note, in seemingly true Cabalist "as above, so below" fashion, the tremendous 'shaking' that occurred in the financial power realms - the remaking of the "financial landscape" as it was referred to, coincided with a very rare earthquake in Washington D.C. shortly after Washington D.C. Senators passed the bill. That is quite a coincidence. Shake for shake it almost seems. Was it a real quake? It almost seems like it could have actually been a little 'bomb'-quake, perhaps even triggered by the NWO Cabalist/Zionist self-proclaimed masters-of-the universe, in a victory toast to themselves, all popping the corks from their champagne bottles at the same time in celebration of their successful takeover. But, who can say.
see: Small quake hits Washington, D.C., area "WASHINGTON, July 16, 2010 (Reuters) — A small 3.6 magnitude earthquake shook the Washington area on Friday morning, but there were no reports of injuries or damage in a region not usually associated with quakes."
(Follow links, connect dots)
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Psalms 140:8 'Grant not, O LORD, the desires of the wicked: further not his wicked device; lest they exalt themselves. Selah.'
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Psalms 140:8 'Grant not, O LORD, the desires of the wicked: further not his wicked device; lest they exalt themselves. Selah.'
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