Quote:
Originally Posted by JTULLOCK
This is good info but remember the Dems can not pass everything without a 2/3 or great percentage of "yea's"
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I think the dems would be protected had they offered a single bill for consideration that would have dealt with this mess.
they didnt. in fact, there has been NO congress in 50 years that has done less than the 110th. It has been a disgrace.
The only thing the democrats (read barak obama) has done is point to Phil Graham and say he wrote a bad deregulation bill that caused this.
A closer look at that bill reviels that 90 Senators voted for it (including Joe Biden) and the president (Bill Clinton) signed it. and the Tresury Secretary (Robert Rubin, democrat) said it was VERY NEEDED....
All that bill did was allow investment banks and regular banks to diversify into areas they had not been able to do before. That bill is what has kept the likes of Bank of America strong. Had Leahman Brothers done what BOA did, it would not have failed.
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