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A Government Takeover Disguised as Financial Regulatory Reform

Sen. Chip Pearson

By Chip Pearson
ATLANTA (August 13, 2010) – Washington has released its latest assault on American liberty with the president’s recent signature of the massive financial overhaul bill.  Publicized by the White House and political left as a way to prevent another financial crisis, the bill is merely a vehicle for a government takeover of our financial sector.  The rules and regulations contained in the bill’s more than 2,300 pages impose new bureaucratic red tape throughout the financial and banking industries.  The U.S. Chamber of Commerce has coined the term “regulatory tsunami” to describe the burdens it will put on U.S. businesses.  Chamber CEO Tom Donohue has said that the bill creates “over 350 required regulatory rulemakings, 47 studies and 74 reports.”  

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Congressman James Clyburn to be Keynote Speaker at Savannah GLBC Conference

ATLANTA (August 9, 2010) – Sens. Emanuel Jones (D-Decatur) and Lester Jackson (D-Savannah) are announcing that U.S. Rep. James Clyburn (D-SC) will be the keynote speaker at the Georgia Legislative Black Caucus’ (GLBC) annual legislative conference in Savannah on Friday, August 27.  Jones serves as GLBC chairman, while Jackson is the caucus’ conference chairman.  The conference’s theme this is year is “A Dawn of a New Georgia,” which will highlight the new laws and policies passed by the Georgia Legislature that will impact the general welfare of the state.

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Senator Fort to Give Testimony at Federal Reserve Bank Friday

WHAT:           State Sen. Vincent Fort (D-Atlanta) will give testimony tomorrow during a public hearing at the Federal Reserve Bank regarding the Community Reinvestment Act.  Fort’s testimony will discuss using loan modifications as a component for measuring banks compliance with the Community Reinvestment Act.

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