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You have an error of facts.
Thu Aug 18, 2011 6:23pm

When you say "strip" regulations, you imply that ALL regulations were removed - and they were not. There were, and are, ample regulations to have done the job - IF the Senate and House committees established to perform oversight had done their duty - but they did not, in spite of repeated calls by the president to do their duty (you may remember Barney Frank's speech announcing that Fannie and Freddie were in great shape, thank you very much, and din't NEED oversight - a speech followed by the bottom falling out and the economy beginning it's fatal plunge).

Liberal Democrats, not the GOP, were in congressional power at the time.

  • And laws have teeth. When you strip regulations (and you did), you're stripping laws. Our oversight is done by auditing. I've explained how our regulations kept us out of big trouble. We literally... more
    • You have an error of facts. — Lewis, Thu Aug 18 6:23pm
      • The Gramm-Leach-Bliley ActMike, Thu Aug 18 8:33pm
        That bill stripped numerous regulatory laws and even introduced a privacy act which removed transparency. It repealed the Glass–Steagall Act of 1933 which forbid banks to sell their risks to... more
        • . . . was illl-advised, to be sureLewis, Fri Aug 19 7:56am
          . . . but Clinton had made that into law before Bush ever took office. You've constantly beaten your drum about BUSH stripping the regulations - So, what regulations did Bush strip? The congressional ... more
          • I never said Bush stripped regulationsMike, Fri Aug 19 1:13pm
            There you go again, attributing something to me that I've never said. I said the GOP congress wrote the bill that did that. Yes, Bush was not responsible for signing it into law. Clinton did sign it... more
            • A number of things are obvious ...Lewis, Sat Aug 20 8:50am
              (1) You don't read. Oh - you COULD, of course; but don't. You're still confusing "oversight" with an accountancy audit. Oversight would be to thoroughly examine random mortgages, from the application ... more
            • In reverse order ...Lewis, Sat Aug 20 8:29am
              Frank was NOT of the minority party; at the time of his speech his party was in the majority and he personally was chairman of the House committee charged with oversight. His counterpart in the... more
              • Re: In reverse order ...Mike, Sat Aug 20 3:54pm
                Barney was instrumental in helping pass the Anti-Predatory Lending Act (H.R. 3915) to passage in 2007. That was the first year of the Dem takeover. Prior to that, the Repubs were in control. It is... more
                • Mike -Lewis, Sat Aug 20 9:21pm
                  Until you man up, grow a pair of cajones and have the integrity to admit when you've been hit, I'm through with you. This entire exchange would have never existed had you not shot your mouth off... more
                  • You came up empty again, I seeMike, Sun Aug 21 12:25am
                    I take responsibility for what I write, NOT what you read. I haven't been hit with anything but noise. If I post something that can collaborate your assertions and accusations then it exists. All you ... more
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