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108 Public Comments So Far

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December 14, 2015
Someone from Cambria, CA signed.
December 14, 2015
Someone from Port Orford, OR signed.
December 14, 2015
Someone from Redondo Beach, CA signed.
December 14, 2015
Someone from San Diego, CA signed.
December 14, 2015
Someone from Costa Mesa, CA signed.
December 14, 2015
Someone from Roswell, GA signed.
December 14, 2015
Someone from Arnold, MD signed.
December 14, 2015
Someone from Elizabeth, IN signed.
December 14, 2015
Someone from Geneva, IL signed.
December 14, 2015
Someone from Orlando, FL signed.
December 14, 2015
Someone from Lone Tree, CO signed.
December 14, 2015
Someone from Knoxville, TN writes:
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Congress likes to accuse Russia and China of rampant corruption, but allows, overlooks, and nurtures forms of corruption here at home.
December 14, 2015
Someone from Washington, DC signed.
December 14, 2015
Someone from Hurricane, WV signed.
December 14, 2015
Someone from Yonkers, NY writes:
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Great work! Carry on occupy 💜
December 14, 2015
Someone from Gary, IN signed.
December 14, 2015
Someone from Lagrangeville, NY signed.
December 14, 2015
Someone from Chicago, IL signed.
just now
Someone from Lakeland, FL signed.
December 14, 2015
Someone from Fabius, NY writes:
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Anything for the rich and powerful, NOTHING for the rest of us.
December 14, 2015
Someone from New York, NY signed.
December 14, 2015
Someone from Brooklyn, NY signed.
December 14, 2015
Someone from Scotts Mills, OR writes:
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These people just want to dismantle government at any cost! So they try to make it easier for their buddies to game the system, thereby circumventing the social contract we have with each other.
December 14, 2015
Someone from Baltimore, MD signed.
December 14, 2015
Someone from Phippsburg, ME signed.
December 14, 2015
Someone from Williamsfield, IL writes:
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Another give-away to big money. Thanks, Republicans. Your faux "populism" in the 2012 election is simply hot air.
December 14, 2015
Someone from Charlotte, NC writes:
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As a citizen I find it depressing that Congress should need to be petitioned not to do something that is so plainly destructive to the public good.
December 14, 2015
Someone from San Luis Obispo, CA writes:
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Pass a clean Omnibus spending bill. Consumers need protection of the predators on Wall Street.
December 14, 2015
Someone from San Francisco, CA writes:
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We are watching!
December 14, 2015
Someone from Philadelphia, PA writes:
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With greed acceptable and profit all that matters we need regulation now more than ever.
December 14, 2015
Someone from New York, NY signed.
December 14, 2015
Someone from Galesburg, IL signed.
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Someone from Miami Beach, FL signed.
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Someone from Mesa, AZ signed.
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Someone from Hermitage, TN signed.
December 14, 2015
Someone from Reno, NV writes:
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The multiplier effect of fractional reserve banking creates money. A fractional reserve system allows banks to keep a fraction of its deposits on hand for depositors use. That fraction tends to be set at less than 10%. The rest of deposits are loaned out as the economy requires. Banks make their money on the interest they charge on those loans. But each loan represents two simultaneous uses of that money. In other words, the velocity of money is increased. Theoretically, $100,000 in deposits with an 8% reserve requirement can create $1.25 million in additional deposits (or ((1/.08)*100,000))). That?s a theoretical number because the later loans will be so small that they?ll likely not be made. Nevertheless, that?s money that isn?t printed by the Treasury but that banks are allowed to create. The integrity of those loans must be very high to generate trust among depositors that they?ll be able to withdraw their money when they want to. Federally guaranteed deposit insurance backs up loan integrity and ultimately it is taxpayers who guarantee the whole system. So banking is not really a private business. It is in no way a restriction on the free market that there are regulations governing how banks use Other People?s Money. And Congress has the ultimate responsibility to ensure that the banking system is sound. I question whether small business is being squeezed by banking regulation when banks prefer to put deposits into derivatives rather than lend at home to businesses. Do you know that back during the S&L crisis, Congress allowed thrifts to use deposits to take ownership interests in various real estate projects? The thrift owned real estate and if it hit a home run reaped the profit. If it went bust, the FDIC and ultimately the taxpayer were on the hook. Congress really shirked its responsibility back than. They did again in repealing Glass-Steagel and allowing derivatives to go unregulated during the first decade of this century. The ignorance of the American public about how banking works allowed Congress to deregulate the financial system. Again, I say that you have an affirmative responsibility to regulate the banks. Banking is not strictly free enterprise. It is not overburdened with regulation.
December 14, 2015
Someone from San Jacinto, CA signed.
December 14, 2015
Someone from Las Cruces, NM signed.
December 14, 2015
Someone from Oakland, CA writes:
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Courage - we are counting on you
December 14, 2015
Someone from Cambridge, MA signed.