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On Sun, 24 Jan 2010 12:23:09 -0500, bpuharic wrote:


you mean the president the GOP impeached? yeah. looks like he had ALOT
of control over congress, right?


Bill Clinton was the cheerleader on the commodities deregulation bill
that allowed CDOs.

you mean the gramm bill? named after phil gramm, the REPUBLICAN who
authored it, on behalf of his enron VP wife?

that the bill you referring to?


No that was Gramm-Leach-Bliley in 1999. Clinton was in favor of that
too, along with 43% of the democrats voting for it.
BTW that was what allowed banks to be brokerage houses.
I am talking about The Commodity Futures Modernization Act of 2000
that repealed the bucket shop laws and allowed CDOs
The house voted 292-60 (9 democrats said no) and the senate gave it
unanimous consent
The democrats are neck deep in that **** hole. You can go look at the
vote if you want http://clerk.house.gov/evs/2000/roll603.xml

Perhaps it's time to revoke it and get back to some normal banking behavior.


I am sure you can find his signing statement on
youtube. It was in the 60 Minutes piece on this. He is smiling and
telling us how this is a great step forward. Trying to rewrite history
and saying he was opposed to deregulation is dishonest.

i never said he was opposed. i said he was powerless to oppose it. the
GOP impeached him. his power was, to say the least, marginal.




BTW if you are still hurt from the correction a couple years ago you
were not properly diversified. I only have one major holding that is
still a loser (EXP). My IBM stock is doing better than it was in 2006.
FLR is still a "double". CLNE is more like 4- 5x from 2006.

ROFLMAO!! me and 100M other americans. you right wingers really love
to hate the middle class, don't you?

So there are 100m Americans who made bad choices with their money

this reminds me of the east german communist party statement during
anti-communist rioting....'the party had lost faith in the people'

the right SCREWS the middle class like $2 whores THEN tells 100M hard
working americans it's their fault, otherwise it would be free market
capitalism that's at fault.

and god knows we CANT have that, right?


It sure sounds like that was a bi-partisan screwing if those 2
deregulation bills were the cause. The democrats and Bill Clinton were
leading the charge to pump up the market and increase corporate power
over us.

Stop blaming Clinton and the democrats for something that's obviously been
supported far longer and with more fervor by the right wing.

--
Nom=de=Plume