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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (148190)	11/24/2008 4:37:09 PM
From: American Spirit	Read Replies (1) \| Respond to of 173976

Barney Frank was howling for regulation in the banking sector for the past two years. Maybe not as loud as he should have been, but he was definitely telling the White House to get on the ball. They not only ignored him, they shunned him. I heard two years ago that Frank was trying to regulate Wall Street. And so was Elliot Spitzer by the way which I suspect might be one reason the Bushie feds targeted him for political assassination. GW Bush made a speech in 2002 boasting that he had told Fannie and Freddie to start making more and more sub-prime loans to the lower middleclass and others without the right collateral. Bush himself was at the forefront. Virtually all de-regulation came from the GOP rightwing starting with the whole Phil Gramm, Enron, Grover Norquist cabal which is only interested in creaming the profits for themselves and leaving everyone else holding the bag. This mentality started (in my lifetime) with Reagan's deregulation of S+L's and we saw what happened there. Reagan deserves a lot of blame, not just for pushing de-regulation but for pulling the security blanket off the middleclass and giving it to the top 1%.