MISSION STATEMENTS

"The price of freedom is eternal vigilance"
- Jefferson

"To stand in silence when they should be protesting makes cowards out of men."
- Abraham Lincoln

"Our lives begin to end the day we become silent about things that matter."
- Dr. Martin Luther King Jr.

"Powerlessness and silence go together. We...should use our privileged positions not as a shelter from the world's reality, but as a platform from which to speak. A voice is a gift. It should be cherished and used."
– Margaret Atwood

"There is no act too small, no act too bold. The history of social change is the history of millions of actions, small and large, coming together at points in history and creating a power that [nothing] cannot suppress."
- Howard Zinn (historian)

"All tyranny needs to gain a foothold is for people of good conscience to remain silent"
- Thomas Jefferson


29/10/11

NO MONEY& NO HONEY



Lambrinidis: 'We safe guarded Europe' by CNN_International

Dodd–Frank Wall Street Reform and Consumer Protection Act
Great Seal of the United States.
Full titleAn Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.
Colloquial name(s)Dodd–Frank, Wall Street Reform, Financial Regulatory Reform
Enacted by the111th United States Congress
EffectiveJuly 21, 2010
Citations
Public LawPub.L. 111-203
Stat.124 Stat. 1376–2223
Codification
Act(s) amendedCommodity Exchange ActConsumer Credit Protection ActFederal Deposit Insurance Act,Federal Deposit Insurance Corporation Improvement Act of 1991Federal Reserve Act,Financial Institutions Reform, Recovery, and Enforcement Act of 1989International Banking Act of 1978Protecting Tenants at Foreclosure ActRevised Statutes of the United States,Securities Exchange Act of 1934Truth in Lending Act
Legislative history
  • Introduced in the House as "The Wall Street Reform and Consumer Protection Act of 2009" (H.R. 4173) byBarney Frank (DMA) on December 2, 2009
  • Committee consideration by: Financial Services
  • Passed the House on December 11, 2009 (223–202)
  • Passed the Senate with amendment on May 20, 2010 (59–39)
  • Reported by the joint conference committee on June 29, 2010; agreed to by the House on June 30, 2010 (237–192) and by the Senate on July 15, 2010 (60–39)
  • Signed into law by President Barack Obama on July 21, 2010


H.R.4173
Latest Title: Dodd-Frank Wall Street Reform and Consumer Protection Act
Sponsor: Rep Frank, Barney [MA-4] (introduced 12/2/2009)      Cosponsors (None)
Related Bills: H.RES.956H.RES.964H.RES.1490H.R.3126H.R.3818S.3217
Latest Major Action: Became Public Law No: 111-203 [GPO: TextPDF]
Latest Conference Report: 111-517 (in Congressional Record H4977-5202




All Information (except text)Text of LegislationCRS SummaryMajor Congressional Actions

All Congressional Actions 

All Congressional Actions with Amendments
With links to Congressional Record pages, votes,reports
TitlesCosponsors (None)Committees
Related BillsAmendments
CBO Cost EstimatesSubjects


[...]



Title XV – Miscellaneous Provisions

The following sections have been added to the Act:

Restriction on U.S. Approval of Loans issued by 

International Monetary Fund

The US Executive Director at the International Monetary Fund is instructed to evaluate any loan to a country if
  • The amount of the public debt of the country exceeds the annual gross domestic product of the country
  • the country is not eligible for assistance from the International Development Association and 
  • to oppose any loans unlikely to be repaid in full.[213]

    So, is the  US Executive Director at the International Monetary Fund  allowing  IMF dollar loans towards countries NOT meeting the above criteria of the law ???



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