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

To: joefromspringfield who wrote (116275)	10/25/2011 12:00:40 PM
From: joseffy	1 Recommendation Respond to of 224707

That's just three out of three.

To: joefromspringfield who wrote (116275)	10/25/2011 12:44:42 PM
From: Kenneth E. Phillipps	Read Replies (4) \| Respond to of 224707

Passed by a Republican Congress and signed by Bill Clinton.

To: joefromspringfield who wrote (116275)	10/25/2011 2:36:51 PM
From: chartseer	3 Recommendations Respond to of 224707

Yes but wasn't it all Bush's fault that Clinton signed them into law? Don't forget Clinton appointee Franklin Raines. Why isn't Franklin Raines in jail?

To: joefromspringfield who wrote (116275)	10/25/2011 7:43:06 PM
From: Paul V.	Read Replies (3) \| Respond to of 224707

Joe, "Who is Robert Rubin and whom did he work for. What is the connection between Mr Rubin and the Glass Steagall Act?" The repeal of Glass Steagall was just one of three laws that led to less regulation of the financial industry. The community reinvestment act created the sub prime mortgage business. The commodities and futures modernization act exempted the derivatives from gambling laws. Unfortunately for Ken, all three of these laws were signed by president Clinton. But, Carter was the first president which implemented the Community Reinvestment Act. Then, Bush came into office, cut taxes and financed the two Wars that we are currently downsizing. Greenspan came along and encouraged individual to get ARM's and balloon loans. You are absolutely correct in your above statement. Didn't Rubin and Paulsen at one time work for Goldman Sach's? If this is true, isn't it interesting that both became Secretary of the Treasury and from Wall Street.