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bpuharic

On Mon, 12 Apr 2010 01:15:12 -0400, wrote:

On Mon, 12 Apr 2010 00:24:37 -0400, bpuharic wrote:

i suggest you learn some history instead of relying on limballs to do
your homework for you

This is history

"The Administration strongly supports the version of H.R. 4541,

gramm's addendum to the bill was introduced on 12/15...in the
senate..and it stripped the SEC of the power to regulate
derivatives...the very derivatives that would blow up the economy in
2007

the house doesn't vote in the senate. you dont even know there are 2
chambers of congress...

It is important that this legislation be enacted this year because of
the meaningful steps it would take in helping to: promote innovation;
enhance the transparency and efficiency of derivative markets;

and gramm made sure that didn't happen

maintain the competitiveness of U.S. businesses and markets; and,
potentially, reduce systemic risk. H.R. 4541 would accomplish these
goals while assuring adequate customer protection for small investors
and protecting the integrity of the underlying securities and futures
markets. A failure to modernize the Nation's framework for OTC
derivatives during this legislative session would deprive American
markets and businesses of these important benefits and could result in
the movement of these markets to overseas locations with more updated
regulatory regimes. The Administration looks forward to working with
members of Congress to improve certain aspects of the bill as it
continues through the legislative process."

William J Clinton October 19,2000

guess you dont own a calendar

december comes AFTER october

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