I never said Bush stripped regulations
Fri Aug 19, 2011 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 after it was voted by the Senate 90-8 and by the House 362-57 (I looked it up). Clearly a veto-proof bill. However, Bush did introduce the American Dream Downpayment Program in 2003, offering to not only pay for down payments but also closing costs and mortgage payment assistance to even Section 8 welfare recipients.

What was any "oversight" supposed to reveal other than the fact that banking industry was humming along just fine as it was intended to do without those "pesky" regulations cramping their style?

If the congressional committees (both sides) had the authority to examine the mortgage industry why are you singling out Barney of the minority party?

  • . . . 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 regulations — Mike, Fri Aug 19 1:13pm
      • 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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