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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: sandintoes who wrote (69951)	4/7/2014 7:52:59 PM
From: LLCF	Respond to of 71588

<I'll tell you who was largely to blame for this banking debacle and that was Frank/Dodd.> Oh, Paleeeze.... do a google search for Bush talking about FNM and FRE: youtube.com You are clearly pretty stupid... Dodd-Frank came AFTER the debacle, which both parties presided over: <The Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111–203, H.R. 4173; commonly referred to as Dodd-Frank) was signed into federal law by President Barack Obama on July 21, 2010 > Further, apparently you aren't aware of the reason they had to bail the banks out OR the underlying problem... that the Federal Government insures banks that punt around in the markets. GIVEN FDIC insurance, the banks are NOT REGULATED ENOUGH.... get rid of that, and you'll have a real competitive system, otherwise you anti-regulation chanters are just stupid religious nut cases not unlike muslim extremists. DAK