President Obama signed the 2,300 page Financial Regulation Bill yesterday with a bunch of Blowhards at the signing ceremony, including Barney Blather Frank and Chris Countrywide Dodd, the Connecticut Coxcomb. These two bozos oversaw both Fannie Mae and Freddie Mac, which will need a $700  billion bailout one of these days. Of course, Fannie and Freddie were NOT included in the bill.  Having these two losers at the signing ceremony would be like having Jesse and Frank James take a bow at the American Bankers convention!

Before Obama signed the bill, he, of course, had to give a speech. In the speech he said, "Because of this law, the American people will never again be asked to foot the bill for Wall Street's mistakes. There will be no more taxpayer funded bailouts, PERIOD." I guess he forgot about the problems at Fannie and Freddie. Who is going to pay for those two bailouts?

Everyone knows that there will be another banking crisis in the future. Never say never, Mr. Obama. The banking bozos always find a way to screw up the economy. If they are not loaning billions to Latin America, they will lend billions to an over-heated commercial real estate market, or, if that is not stupid enough, how about trillions for sub-prime loans?

Congress has now passed two huge bills under Obama, Obamanable-Care and Fin Reg....close to 5,000 pages of mumbo - jumbo. Thousands of bureaucrats will have to be hired and billions of dollars will be wasted by the private sector as it tries to comply with all this nonsense.

I feel better than ever, now that I know we will never have another banking crisis that we will have to pay for. Has anyone seen the Tooth Fairy lately? 




Dunce-onomics is always on display in DC