On Sep 16, 11:38*am, "Eisboch" wrote:
With all the attention given to the financial meltdown in the media, I see a
lot of finger pointing and blame being directed at various people for the
lack of government regulation. * Even McCain, this morning, acknowledged
that some level of regulation is required.

Here's what I don't get:

Congress has oversight responsibilities covering a broad range of areas.
Congress is also the legislative branch of the government, responsible for
drafting, proposing and instituting laws and/or changes as required. *The
executive branch then enforces the approved laws.

Why don't we see any members of Congress responding to this financial crisis
with any form of proposed legislation?
I see them casting blame for the situation on either current or past
presidents, but I haven't heard of any of them .... Republican or Democrat
actually doing their job and taking action as required in their job/office
responsibilities.

EIsboch

This is fall out from the morgage meltdown. There is new regulations
in the works.