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NO MORE FREE CHECKING ACCOUNTS…Thanks to Obama-Dodd-Frank Financial “Reform” (Check here who voted for this)

Posted by FactReal on February 7, 2011

Democrats Celebrate Senate Passing the Dodd-Frank Financial Reform (July 15, 2010)

FREE CHECKING ACCOUNTS DISAPPEAR DUE TO FINANCIAL “REFORM” LAW SIGNED BY OBAMA
Via Examiner.com

The so-called financial “reform” bill that passed Congress — the Dodd-Frank Act — is wiping out many free checking accounts, since many banks can’t afford its red tape unless they either charge a monthly fee, or require a minimum balance of well over $1,000.

Ted Frank’s bank is now charging him a $15 monthly fee and $0.50 per check on his formerly free checking account, thanks to the consumer “protection” red tape in the Dodd-Frank Act, which was recently signed into law by the President.  (Dodd-Frank is named after its sponsors, the corrupt Chris Dodd (D-CT), a Senator who is retiring this year after being caught getting unethical favors from lobbyists; and Barney Frank (D-Mass.), the House Banking Committee chairman who helped spawn the Fannie Mae and Freddie Mac debacles that cost taxpayers up to $400 billion in bailouts).

DETAILS OF DODD-FRANK FINANCIAL “REFORM”
Title: The Dodd–Frank Wall Street Reform and Consumer Protection Act
Full Title:
(Trojan Horse)
An 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.
A.K.A.: Dodd–Frank, Wall Street Reform, Financial Regulatory Reform
Public Law: 111-203 (PDF)
Bill Number: H.R. 4173
WHO APPROVED THIS HORRIBLE LEGISLATION?
December 2, 2009: Proposed by Democrats Rep. Barney Frank and Sen. Chris Dodd
June 30, 2010: Passed the House: 237-192 with most Democrats voting in favor and three useful-idiot-Republicans Cao, Castle, and Jones.
July 15, 2010: Passed the Senate: 60-39 with all Democrats (except Feingold (D-WI)) and three RINOs Scott Brown (R-MA), Susan Collins (R-ME), and Olympia Snowe (R-ME) voting in favor of this monstrosity.
July 21, 2010: Signed into law by Obama.

Democrat Nancy Pelosi signs Dodd-Frank Financial Reform (7/15/2010)

Obama signs Dodd-Frank Financial Reform (7/21/2010)






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