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Again, NO pressure to the banks
Sat Aug 20, 2011 3:31pm

Banks are public companies that are loyal to their share holders. The banks LOBBIED to have regulations stripped because THEY wanted to increase their bottom line - nothing more. Read up on how much 'influence' they gave Phil Gramm, the Republican architect of that bill that started it all.

Didn't you read what the house votes for this bill was? Senate 90-8, Congress 362-57. How can you rationalize Bill Clinton has having "pressured" ANYONE with these results? The house was Republican controlled and the support was veto-proof.

  • Really?Lewis, Sat Aug 20 8:10am
    No, I'm speaking of pressure applied TO the banks. The pressure wasn't intended to eliminate regulation - it was applied TO the banks to "encourage" them to right NINJA loans. The pressure traveled... more
    • Again, NO pressure to the banks — Mike, Sat Aug 20 3:31pm
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