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bpuharic

On Sat, 03 Apr 2010 17:43:10 -0400, wrote:

On Sat, 03 Apr 2010 12:34:39 -0400, bpuharic wrote:

Rubin was pimping for Citi Group until they fired him last year. If
Obama had not hired Geithner and Summers they would be Wall Street
execs somewhere too.
The fact remains that Gramm was not acting alone. He had the full
support of the Clinton administration.

no, he didn't. if he did, he wouldnt have found it necessary to
filibuster the bill. that's why it got passed. if clinton had
supported it, it would have passed congress without gramm's
filibuster.

I guess all those TV clips of Greenspan and the gang were photoshopped
and they had to waterboard Clinton to get him to say this was the
greatest thing since sliced bread when he signed it.

and what we saw was the milton friedman fundamentalist free market
theology take over the american right....pushing the idea of 'smaller
govt' in financial regulation (all the while pushing to end
church/state separation).

alan greenspan was an acolyte of both friedman and ayn rand...neither
of whom thought regulating wall street was a good idea.

You can try to rewrite history and say the democrats were not all over
these dereg bills but it is pure bull****. The 2000 bill passed with
unanimous consent in the senate and overwhelming support in the house.
It was mostly republicans who opposed it there.
I have posted the vote here about 6 times.

and, as i pointed out, the bill was subject to filibuster from the
free market fundamentalist phil gramm, who, at the behest of his enron
VP wife, prevented the bill from being passed until any regulatory
power of the SEC was stripped out. of course the bill passed...it
took alot of work. but gramm, being bribed by his rich right wing
friends, prevented it from being passed until the SEC was made
toothless

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