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To: tejek who wrote (262325)	7/20/2010 2:30:26 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>Clinton signed it<< and that is where the buck stopped. i posted the picture so you could see how proud clinton was to sign that bill... ushla.com what a look of satisfaction on bill clinton's face! watch the obama deception and you might just learn something... youtube.com if you don't learn anything, though, explain in detail why it is wrong... b/c it sure appears to be SPOT ON given the 1.5 years since its debut. i know, you won't watch it, already know it all and will have some kind of one liner... but deep down, i think you know you might not be able to address any of the issues brought up in the film a detailed way. ad hominem, sure, but detailed analysis showing it is wrong? no way. 6.5 million people clicked to the link to watch it, so if you aren't able to do it, there are lots of others that have.

To: tejek who wrote (262325)	7/20/2010 10:15:16 AM
From: Les H	Read Replies (1) \| Respond to of 306849

Those two laws were mainly CYA moves. The government had already been granting regulatory waivers for WS banks in these areas. FS Modernization Act was drafted and passed after the Clinton Treasury and the Fed had already rubberstamped the merger of Citigroup and Travelers in spite of Glass-Steagall. Commodity Futures Modernization was drafted and passed in 2000 after the CFTC and other regulators had already been exempting derivatives from states laws, specifically the exemption of credit default swaps from state insurance laws. "The CFMA continued an existing 1992 preemption of state laws that prevented any such law from treating eligible OTC derivatives transactions as gambling or otherwise illegal. It also extended that preemption to security-based derivatives that had previously been excluded from the CEA and its preemption of state law.[6]" en.wikipedia.org