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    Posted September 24, 2009 by
    Liberty1955
    Location
    Watertown, New York
    Assignment
    Assignment
    This iReport is part of an assignment:
    Mortgage nightmares

    More from Liberty1955

    Consumer Protections Killed By Bank Lobbyists

     

    Banks win round one in fight for consumers' protection. Does this surprise anyone? Banks' lobbyists have effectively "killed" consumer protections for loans. Congress again takes money from bank  lobbyists and look the other way.

     

    Wow! Is this change you can believe in. With all due respect to President Obama, the bill has not reached him. But if this is the best those responsible for creating credit agreements consumers can believe in, we have a sorry state of affairs.

     

    It appears to be business as usual, until we have campaign finance reform. What do you think?

    http://money.cnn.com/2009/09/23/news/economy/consumer_financial_protection_agency/index.htm?postversion=2009092315

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