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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (49953)	10/3/2008 2:57:25 PM
From: lorne	2 Recommendations Respond to of 224706

ken..."Read the New York Times today and read how the SEC in 2004 stopped regulating the investment banks.".... Ken I did that and thanks for the heads up. S.E.C.’s 2004 Rule Let Banks Pile Up New Risk October 3, 2008, 8:02 am dealbook.blogs.nytimes.com Here is a list of key players responsible for the changes in Bank regulation rules which as near as I understan caysed this collapse with dem controlled fannie mae. Annette L. Nazareth, Senator Paul S. Sarbanes Harvey J. Goldschmid Roel C. Campos William H. Donaldson ... And here is their party affilations. SEC Biography: Commissioner Annette L. Nazareth Annette L. Nazareth was appointed by President George W. Bush to the U.S. Securities and Exchange Commission and sworn in on August 4, 2005. Her husband IS> Roger W. Ferguson, Jr. Born: 28-Oct-1951 Birthplace: Washington, DC Gender: Male Race or Ethnicity: Black Sexual orientation: Straight Occupation: Government Party Affiliation: Democratic Nationality: United States Executive summary: Federal Reserve Governor, 1997-2006 Wife: Annette L. Nazareth (SEC Commissioner, m. 1986, two children) Daughter: Caroline Lawson Ferguson (b. 31-Aug-1994) nndb.com ........................................................... Sarbanes to Retire From Senate Surprise Decision Sets Off Scramble in Maryland Among Potential Successors By Spencer S. Hsu and John Wagner Washington Post Staff Writers Saturday, March 12, 2005; Page A01 Sen. Paul S. Sarbanes, the studious liberal who became Maryland's longest-serving senator and who acted as quiet counsel to Democratic leaders through times of impeachment and scandal, announced yesterday that he will not run for reelection when his fifth term ends in January 2007 washingtonpost.com ................................................... Harvey J. Goldschmid Born: 6-May-1940 Birthplace: New York City Gender: Male Religion: Jewish Race or Ethnicity: White Occupation: Government Party Affiliation: Democratic Nationality: United States Executive summary: SEC Commissioner, 2002-05 nndb.com ............................................... Roel C. Campos AKA Roel Clark Campos Born: 1949 Birthplace: Harlingen, TX Gender: Male Race or Ethnicity: Hispanic Sexual orientation: Straight Occupation: Government Party Affiliation: Democratic Nationality: United States Executive summary: Securities and Exchange Commission nndb.com ................................................... William H. Donaldson In Republican and business circles, William H. Donaldson has been viewed as the David Souter of the Securities and Exchange Commission, a disappointingly independent choice who sided too frequently with the Democrats.

To: Kenneth E. Phillipps who wrote (49953)	10/3/2008 5:01:46 PM
From: lorne	4 Recommendations Respond to of 224706

Ken I did read it as I have already posted to you with a reply How come no comment from you? Is it because they were democrats that presided over the change of regulations you wanted me to read? S.E.C. Concedes Oversight Flaws Fueled Collapse By STEPHEN LABATON Published: September 26, 2008 WASHINGTON — The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down. nytimes.com