By Robert Romano — At an Oct. 6 news conference, Barack Obama received an interesting question about the radical Wall Street protesters wherein the reporter noted his signing of the Dodd-Frank financial regulatory bill. The journalist observed that the presence of the movement showed the protesters “clearly don’t think that you or Republicans have done enough, that you’re in fact [...]

Americans for Limited Government President Bill Wilson today condemned the appointment of Elizabeth Warren as a special assistant to Barack Obama in order to avoid a tough confirmation battle in the Senate. “Rather than engage in the constitutional process of Senatorial advice and consent, and nominate Warren to the post of Director of the Financial Protection Bureau, Obama has simply [...]

By Howard Rich – Contrary to Barack Obama’s rhetoric about protecting consumers, his new financial reform law represents a dangerous big government power grab that willfully ignores the true roots of the recent financial crisis. It is also the latest example of America’s “march to Marxism,” the not-so-gradual implementation of a command economic system in which the free market is [...]

CNBC reports that Goldman Sachs and JP Morgan CEOs are fuming that they were not invited to the Obama financial services takeover bill signing ceremony. Citibank was there, Bank of America was there, as were other big banks – while Goldman and JP Morgan were on the outside looking in. Amazing how all the big boys in the banking/financial services [...]

The Dodd-Frank Financial Takeover bill has passed the Senate 60-39. The bill will now be sent to Obama’s desk. Bill Wilson, President of Americans for Limited Government, said of the Financial Takeover bill that “the American people have lost one more piece of their liberty, as the Senate has voted to create a hidden, permanent bailout that will enable faceless [...]

New England Republican Senators Olympia Snowe, Susan Collins, and Scott Brown have indicated they will be voting for the Dodd-Frank financial takeover bill, prompting criticism from Americans for Limited Government President Bill Wilson. “Senators Snowe, Collins, and Brown, through their support of this bill, are enabling government to perpetuate the easy money and loose lending policies that led to the [...]

Senator Scott Brown (R-MA) has announced that he will support the financial takeover bill in the Senate. In a statement released Monday, Brown said, “I’ve spent the past week reviewing the Wall Street reform bill. I appreciate the efforts to improve the bill, especially the removal of the $19 billion bank tax. As a result, it is a better bill [...]

By Kevin Mooney — Government agencies and private contractors must incorporate racial and gender preferences into their employment practices under Section 342 of the financial regulation bill, which passed the House on June 30. This key provision calls for the creation of at least 20 new Offices of Minority and Women inclusion. The affected agencies include: The Treasury, the Federal [...]

Summary Americans for Limited Government has undertaken an analysis of provisions in the Dodd-Frank financial sector takeover bill, HR 4173.  The analysis shows that the provisions creates a revolving “orderly liquidation fund,” with unlimited bailout-takeover authority rife for abuse.  This federal authority will endanger companies across the nation with unlimited government takeovers of their assets, operations, and ownership. HR 4173 [...]

By Robert Romano – This week, at least one house of Congress is expected to vote on the Dodd-Frank conference legislation. The bill threatens to take over the nation’s financial sector, redistribute wealth on a scale never seen, levy unlimited taxes, monitor finances, seize politically disfavored firms, and bail out favored ones, all without any vote in Congress or the [...]