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posted to rec.boats
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First recorded activity by BoatBanter: Dec 2009
Posts: 4,106
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obama's stimulus works at creating jobs
On Sun, 21 Feb 2010 13:56:07 -0500, wrote:
On Sun, 21 Feb 2010 12:37:48 -0500, bpuharic wrote:
it was caused by
the rich white guy....but you blame it on clinton, saying the rich
white guy had NO control over the economy
It is fair to blame the deregulation of the derivatives on Clinton
actually phil gramm. while the commodity futures marketing act was
passed under clinton, phil gramm filibustered the bill until the SEC's
role in regulating derivatives was stripped from the bill.
, or
at least the gang of five he hired (Greenspan, Rubin, Summers,
Geithner and Reich) Three of them still guide financial policy for
Obama and Reich is still in the loop.
i agree. and they were just wrong. free market fundamentalism was
wrong.
Have you seen the Frontline show about Brooksley Borne?
she is famous, and it's a wonder she's not been given a high profile
position in the administration
(The Warning).
It is running now and also on the PBS web site.
I shows where this problem started and why it is not really fixed.
I know you blame it on Congress (particularly Gramm) but these were
the "experts" who advised congress and they worked for William
Jefferson Clinton.
and clinton did not filibuster the bill
gramm did. he's the one to thank for the fact dervatives were and are
unregulated
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