On Aug 20, 12:31*pm, wrote:
On Thu, 20 Aug 2009 03:08:07 -0700 (PDT), wf3h
wrote:

read the legislation. it was written by phil gramm, a texas
republican, and his wife, a sr. VP at enron. and we know how the GOP
loved enron. another chance to fleece the middle class.

Look at the votes on Gramm-Leach-Bliley.
155 house democrats and 38 democratic senators voted for it
Bill Clinton signed it into law

yep because they got stampeded...just like you have...by the myth of
the 'free market'. even after the biggest collapse in US history you
still thump your chest and tell us how the markets need to be
deregulated.

Bill Clinton was in front of that stampede. Did you watch the signing?
He was telling us this was the best thing since sliced bread.

of course he did. many of us bought the free market kool aid and
politicians ignored it at their peril. just look at how true believers
like yourself continue to hang onto this little security blanket of
the 'rich will protect us'.

In fact it was the democrats who killed H.R.4161 in 2005 that would
have regulated Fannie/Freddie and would have tempered this housing
crisis. That was Dodd and Frank.

the GOP controlled congress in 2005. it was not until 2006 that the
democrats were a majority.