Who Put The SEC Secrecy Loophole Into The Dodd/Frank Financial Reform Bill?




Ron Paul appeared on Fox Business to discuss the SEC “secrecy” loophole that somehow made its way into the Dodd/Frank financial reform bill. After learning about the loophole from Fox News, Ron Paul quickly introduced H.R. 5970, the “SEC Transparency Act of 2010“, which would repeal the loophole. Ron Paul also pointed out that big legislation like this always leads to a lot of mischief because most Congressmen don’t actually read the bills before voting on them.

Date: 08/02/2010



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75 Comments:

  1. YES! LET'S JAIL RON PAUL!

    Awww, Citizen says that not reading a bill "suggests FRAUD and MALFEASANCE, eligible for 5 years and $250,000 fine. "

    "After learning about the loophole from Fox News"

    And then, NOW Ron Paul realized this was in the bill? He is no different than anyone else that commented on this bill that people on this board are excoriating, either Ron Paul is incompetent or lazy.

    Either way, FIVE YEARS AND $250K RON! Right, Citizen?!?! Let's GET HIM! MAKE THE POLITICIANS PAY!

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    • Hehehehehehehehe, not so Forest.

      We Real True Mericans as you so contemptibly call us, are going to jail your precious bankers for all the theft and fraud they've perpetrated on us for the past 200 + years, maybe even hangem, and elect Ron Paul our Presdent LOLOL :)

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      • Wow, y'all have an obsession with these 'boogedybankers'. I didn't mention ANYTHING about bankers in my comment - I was simply commenting on how the suggestion was to "JAIL POLITICIANS" who didn't read the bill, when in actuality Ron Paul didn't even read the bill.

        Why don't you head over to the 'Ron Paul Likes Crush Kitten Videos' section and spout your irrelevant anti-banker violent drivel over there - you have far more possibility for leveraging content.

        As an aside, keep that laugh to yourself, it is creepy.

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    • Hey Forest....
      Read the Record!

      "No TX-14 Paul, Ronald [R]"

      Dr Paul read H.R. 4173 and VOTED NO!!!!

      Stupid is as Stupid speaks!

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  2. Ron Paul, the last Patriot.

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  3. Can Someone Tell Me How To Find Out The Wording Of Section 929I . I Would Like To Know What The Bill/Section Says. Thank You

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  4. Ron Paul said... "mischief because most Congressmen don’t actually read the bills before voting on them"

    Dr. Paul's use of "mischief" is an polite understatement.
    Ha! I'd suggests more like FRAUD and MALFEASANCE, eligible for 5 years and $250,000 fine.

    Read the bill "who has the time to read the bill" (Congressman John Conyers)
    or
    "we have to pass the bill so we can read the bill" (Congresswoman N. Polosi)

    Seriously... IS ANYONE SURPRISED???
    maybe Fred is!

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  5. TheMethadoneParty

    One of the only HONEST MEN left in congress. We should kick them ALL out and re vote for candidates willing to follow the constitution and not their own, or someone elses agenda!

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  6. my man, a King Without a Crown! Listen to how he fuckin' owns on Fox 1:12-1:25, and listen carefully. He pretty much identifies a barrier in his path to help guide us to the real freedom. The most active thing we can do is save $20 every month. and show up and camp out DC 2012, even if he doesn't run!
    Who's down!? They have showed us their power in money and greed, and have taught us well to fear them- but we should not be afraid, for we have a greater power in numbers. spread the word!

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  7. We need to help this man lead us. Are we not tired yet of being controlled by the dark art of politics, it is ridiculous, and it tragic and detrimental and corrupt and bloated with so much apathetic greed. IT NEEDS TO END and We need to stand up together and take it back and have more control of our lives. We need to look deeper inside, beneath the surface and distractions of everything that we experience every day and regain what we've lost and the notion that "we're not TRULY free.... yet"

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  8. Liberty --noun, plural -ties.
    1. freedom from arbitrary or despotic government or control.
    2. freedom from external or foreign rule; independence.
    3. freedom from control, interference, obligation, restriction, hampering conditions, etc.; power or right of doing, thinking, speaking, etc., according to choice.
    4. Ron Paul.

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  9. Liberty –noun, plural -ties.
    1. freedom from arbitrary or despotic government or control.
    2. freedom from external or foreign rule; independence.
    3. freedom from control, interference, obligation, restriction, hampering conditions, etc.; power or right of doing, thinking, speaking, etc., according to choice.
    4. Ron Paul.

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  10. Why isnt he president?

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  11. ummm... weren't you just the one condemning name calling?

    Is fox news mostly bad? Yes... but so are most media outlets. However, FOX is the only one that (finally) gives any coverage to Libertarian beliefs. Give "Stossel" a watch on FOX Business... he generally lays out libertarian arguments fairly well.

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  12. If you check your history, we existed almost 100 years without an income tax.

    We want limited government, and it does not cost that much for it. We accept that some (small) taxes and fees must be charged, but far less than we are at now.

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  13. fred the protectionist

    Democrats played you guys like a fiddle, told you so.

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    • Fred,
      Clearly you speak from first hand experience of "being played like a fiddle" LOL!!!

      But guess what, Libertarians believe that "truth" is a fundamental responsibility of ANY political debate. Something Dr Ron Paul is exposing with his introduction of H.R. 5970.

      Are you for TRUTH, or are you still bent on Protectionism and Fear Mongering???

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    • Congress don't really care about reading bills, just rammed them through! Fred is suprised that congresss don't actually read bills, but he don't care.

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  14. if Fox promotes you, you're a neo nazi.

    if you're against banking regulation, you're a corporate neo - nazi that wants a giant war profittiering corporation to run EVERYTHING.

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  15. Make Ron Paul a real Leader and get him to speak the whole truth about how all of you are poisoned, get Ron Paul to tell you about the depopulation programs your all in, wake up America and demand real action, know the rest of the story and come watch my videos

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  16. The Dems make these huge pieces of legislation just to ram through hidden agendas....just like they have been doing since 2007 for the Military funding of Iraq and Afganistan....

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  17. http://www.tenthamendmentcenter.com/2010/08/03/nullification-movement-gains-steam-missouri-rejects-healthcare-mandates/ YES!!!!!!!

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  18. Does anybody else find it ridiculous that lawmakers and media are bragging about being the "first to discover" something INSIDE A BILL THAT HAS ALREADY PASSED

    every lawmaker (or at least every lawmaker that voted yes) should know every piece of info inside a bill that is passed

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  19. Ron Paul 2012

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  20. Dr. Paul knows what kind of diseases there are in Washington D.C. and in our elected officials and he is here to disenfect it before it spreads nationwide.

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