Financial Reform Includes Big Labor Loophole

Tucked inside the so-called “Financial Reform” legislation making its way through the Senate is a provision that would give union bosses the power to influence the boardrooms and policies of our nation’s largest companies.  

The bill denies states the ability to make rules how corporate boards are established and run and hands the power to the federal government through the SEC.  Union bosses are expected to use the provision to  affect corporate boards to force pension fund investors to obtain more seats on those boards and that means union pension funds will suddenly have more influence on business simply because of their influence in Washington.

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21 Responses to “Financial Reform Includes Big Labor Loophole”

  1. Robert D says:

    Here’s yet another reason to put a lid on union corruption and their strongarm tactics.

  2. Roger says:

    Look at Greece and substitut protester with SEIU, AFLCIO, Acorn, . This is how Revalutions begin. Less government, Less Union’s, More jobs and more freedom = a strong country.

  3. Antonio Alvarez says:

    I am opposed to the Police and Firegighters Monolply BBargaining Bill.

  4. Antonio Alvarez says:

    I am opposed to the Police and Fireghters Monopoly Bargainig Bill.

  5. Vivian Vernon says:

    Unions was once useful in America. Now they have outlived their usefulness and become a cesspool for Organized Crime. They rob employees with their dues that appear to go up every year. I think all unions should be banned. We have been fortunate in the South because up to this point we have been able to vote them out. I hope and pray we continue to have this right in the South.

  6. Ronald Fischer says:

    Obama has to be the worst leader of a country since Hitler. Not only that look what the big unions have done to Greece and France isn’t too far behind them. If Americans don’t wake up and stand up for our Constitution we’ll be in the same shape.

  7. Thomas Ewing says:

    This is taking the constitution and shredding it. The unions are not our elected officials and this is all about crime. All the Unions are after is our money. WHY because they are stealing from their union members to buy their next President. They spent billions on Obama and they need to pay their pensions to their retiring workforce but the money isn’t there. Too bad we still are paying into our SS because the crooks (FEDs) have all ready spent that money.

    The Teachers Unions have destroyed our schools with the ability to give quality education for a smaller price. Due to the economy budgets have to be cut. Schools are cutting back and part of that is we have to cut teachers. Some of the best teachers have to be cut over the worse teachers, WHY the Unions demand seniority outweighs quality.
    SEC only knows how to spend their days viewing porn instead of regulating Fannie May and Freddy Mac and Goldman Sachs along with all the others. In Texas you have a Union official stealing $200,000 from the injured Police Fund. He resigned as president. You think if the Unions took over they would turn in their buddy in Texas? I DON’T THINK so.

    Do not take the power away from the states. Small government is easier to manage and monitor. The Feds are bordering on criminal activities because they are in bed with the unions and other crooks and this has to be STOPPED.

  8. fernando ugarte says:

    As a small bus. owner,I am deeply troubled by this provision that is attached to the Financial Reform bill,WE NEED TO PUT A LOT OF
    PRESSIRE ON OUR POLITICAL REPRESENTATIVES,THE NRTW IS
    IN DOING WHAT THEY CAN ,BUT IS IS UP TO US,THE AVERAGE
    CONCERNED AMERICANS TO CALL AND EMAIL OUR POLITICANS
    AN DEMAND,YES WE HAVE TO DEMAND THAT THEY OPPOSE THAT
    PROVISION . THE FIBERS OF SOCIALISM IS WORKING 24/7 . PLEASE
    TAKE SOME TIME TO PUT THE HEAT ON OUR POLITICANS.IF ,I A BLUE COLLAR CONSERVATIVE CAN PURSUE THIS ISSUE,SO CAN YOU.WE HAVE TO WORK TO SAVE THE AMERICA THAT WE KNOW.

  9. DONALD R. DEAN says:

    THE COMMUNIST UNIONS, OBAMA, THE ILLEGAL ONE, AND THE FAR LEFT, LIBERAL, COMMUNIST, DEMOCRATS, ARE IN FOR A REALLY BIG ASS WHIPPING IN NOVEMBER, THEN WE WILL IMPEACH OBAMA FOR FRAUD AND TREASON AGAINST THE AMERICAN PEOPLE! I HOPE THAT HE COMES TO ARIZONA WITHOUT HIS BIRTH CERT. NOW!!! DD

  10. Jack says:

    Did we make a mistake about Scott Brown of Massachusetts? This guy is making some very peculiar decisions and voting accordingly. I believe he claimed that he was not anybody’s man but his own. I cannot fathom why a so-called conservative would align themselves with the labor unions and why would he support unionizing firemen and policemen? It just makes no sense except that he may be on the take already.

  11. Sandra Vail says:

    This is absurd. When are Americans going to awaken to what is really going on with these people in power? We need to fully show them that the ‘right to work’ states have some power, too. Unions used to help the employees, but now all they do is bleed people for every dime they can get and try to achieve more power in government. It is time to stop them!

  12. David R. Nemirow says:

    There is nothing surprising here. I’ve been anti union all my life. With Obama placing union thugs like Andy Stern and Craig Becker, in the highest levels of government, we shouldn’t expect anything else. Donations wont help, writing to members of congress wont help and bitching on line about it wont help. The only hope and help available to us is the ballot box. I am afraid that many of “We the people” will be foolish enough to vote incumbents again because so many think their guy is on of the good guys.

  13. William says:

    This, in my opinion, is not what our country needs. Labor unions want to try and control every aspect of the job market. I can see in the future where more jobs will be outsourced as a result of very high union wages, dues, etc.

  14. Paul Fox says:

    The union is killing our country and needs to be pinned back like the BIG government need to be trimmed back. They are combined together to destroy the Constitution. Please give this country back to the people. We the people are not united with this control, corruption and power. Our freedom is dying. PLEASE give out country back

  15. Jude Garner says:

    Time we clean the scum out of all our political in DC and in every state. Start working for the people not politicans.

  16. Wayne Schober says:

    THAT SUCKS!

    I will not vote for any candidate who gives this type of power to the unions. Our ability to compete worldwide is already at an all-time low.

    Public safety workers should have their own option as to whether they want to organize; and if they decide yes, it should be confirmed by SECRET BALLOT. When I dial 9-1-1 I don’t want to hear “they’re on strike”.

  17. Judy says:

    - What is the referenced page number of the provision that denies states the right to make rules on how corporate boards are formed and gives control to the Federal Government through the SEC where Union pension fund bosses will be able to use their influence?
    - Do you have a fact sheet review of the provisions and a link to the text and review of Financial Reform legislation?
    - Will you be asking Congress to agree NOT TO VOTE on such legislation until full text, a review, impact statement on the US debt is disclosed on the internet with time to discuss, digest, advise?

  18. Eli Doerr says:

    Always do not forget the money that was given to the Democrates for their elections. There is going to be a constant power grabe by these leatches of the Labor movement. They continue to think of their own wellbeing and not the memebers they are to represent . The leaders of the Unions have only one thing in their mind and that is complete control of the economy.

  19. John Stewart says:

    This Country would not be what it is today without the help of unions, but there time has come and gone. They are nothing more than a political, money grubbing tool for people who choose to use other people as rungs on a ladder.
    The sad part is too many people swallow and digest this rhetoric, thinking they are making a future for themselves, if they would only realize that they, the employees, are there future. They do not need a leach sucking there life blood to get what they want in this life. Believe in Faith, Hope, Charity and an honest heart. Most empolyers reward that.
    Remember the FEDERAL GOVERNMENT IS NOT AN EMPLOYER it was ment to be an employee of ours (and part time at that).

  20. ROBERT 79 says:

    ALL UNIONS MEMBERS ARE NOT BELONGING TO OUR AMERICAN’S
    “CONSTITUTION AND AMENDMENT LAWS” !.

  21. jerrry says:

    they shouldnt have that power unless union(s) own 5% or moree of a company or corperation. . keep the SEC out of UNIONS.



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