But wasn't Clinton in the 1990s the pushed for Freddie Mac and Fannie Mae to expand subprime lending to those that could not afford it? The root of this entire mess...
-----Original Message----- From: Vivec [mailto:[EMAIL PROTECTED] Sent: Monday, September 29, 2008 1:36 PM To: cf-community Subject: Re: House rejects Bailout Excerpt from Pelosi speech: "[W]hen was the last time someone asked you for $700bn? It is a number that is staggering, but tells us only the costs of the Bush administration's failed economic policies - policies built on budgetary recklessness, on an anything-goes mentality, with no regulation, no supervision, and no discipline in the system." "Democrats believe in the free market, which can and does create jobs, wealth, and capital, but left to its own devices it has created chaos." "Democrats insisted that legislation responding to this crisis must protect the American people and Main Street from the meltdown on Wall Street. The American people did not decide to dangerously weaken our regulatory and oversight policies. They did not make unwise and risky financial deals. They did not jeopardise the economic security of the nation. And they must not pay the cost of this emergency recovery and stabilisation bill." "Today we will act to avert this crisis, but informed by our experience of the past eight years with the failed economic leadership . We choose a different path. In the new year, with a new Congress and a new president, we will break free with a failed past and take America in a new direction to a better future." http://www.guardian.co.uk/world/2008/sep/29/congress.wallstreet1 2008/9/29 Vivec <[EMAIL PROTECTED]> > Oh..I thought it was an anonymous vote. You can actually see which way > everyone voted? > Cool :) > > 2008/9/29 Judah McAuley <[EMAIL PROTECTED]> > >> For what its worth, here's the roll call vote on the bill: >> http://clerk.house.gov/evs/2008/roll674.xml >> >> Oregon's delegation split on it. 3 Democrats voting against it, 1 Dem and >> 1 >> Republican voting for it. >> >> Judah >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271428 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
