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On Tue, 22 Nov 2011 00:24:09 -0500, wrote:
On Mon, 21 Nov 2011 17:51:34 -0500, bpuharic wrote: You forgot Summers and Rubin but it is a fair assessment. Just notice there were plenty of democrats and democratic appointees proposing all of this and overwhelming democratic support for all of this deregulation in ther congress. When you admit it was the Clinton administration who did all of this deregulation, we will be getting somewhere. yep the bull**** deregulation stampede had everyone fooled but the right wing never learns. they're still pushing gravy for the rich at the expense of the middle class and no, it was not the 'clinton administration' that did all this. it was a GOP CONGRESS guess you forgot that part. Do I need to post the votes again? Did you forget? More republicans voted against the CFMA than democrats. let's look at history, shall we? http://en.wikipedia.org/wiki/Commodi...ry_of_the_CFMA At the same time, Senator Phil Gramm (R-TX), the Chair of the Senate Banking Committee, was quoted as insisting that any bill brought to the Senate Floor would need to be expanded to include prohibitions on SEC regulation of the swaps market.[55] Democratic members of Congress later described a period in late September through early October during which they were excluded from negotiations over reconciling the three committee versions of H.R. 4541, followed by involvement in reaching an acceptable compromise that left some Republicans unhappy with the final version of the bill and some Democrats upset over the “process”, particularly the involvement of Sen. Gramm and House Republican leadership in the negotiations.[56] After the House passed H.R. 4541, press reports indicated Sen. Gramm was blocking Senate action based on his continued insistence that the bill be expanded to prevent the SEC from regulating swaps, and the desire to broaden the protections against CFTC regulation for “bank products When Congress returned into session for two days in mid-November, the sponsor of H.R. 4541, Representative Thomas Ewing (R-IL), described Senator Gramm as the “one man” blocking Senate passage of H.R. 4541. and regarding the 'enron loophole' exempting energy products from regulation, the DEMOCRATIC senate, overrode bush's veto to close this in 2008. AND the AUTHOR of the 2000 CFMA for the HOUSE was rep. thomas ewing, REPUBLICAN of IL along with 3 REPUBLICAN cosponsors AND BOTH houses were GOP controlled; ALL the committee chairman...ALL REPUBLICANS...supported the CFMA. AND if you go he http://www.govtrack.us/congress/vote.xpd?vote=h2000-273 you see that the REPUBLICANS passed this bill. ONLY THREE DEMOCRATS voted for it. so this dolchstoss for american has CONSERVATIVE written all over it. |
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