On Mon, Sep 29, 2008 at 8:04 PM, Maureen <[EMAIL PROTECTED]> wrote: > The root of this entire mess is the Gramm-Leach-Biley Act which > allowed banks and brokerage firms to marry. The spin is that > legislation passed by Carter and Clinton forced sub-prime loans to be > made to people who couldn't afford them. There is some truth in that, > but Bush and Republicans had a number of years to fix that legislation > and failed to do so.
Watch starting 10 minutes in... Clinton kinda shows a different side... I can understand. There was a shortage of things to invest in so real estate was all that was left so they chomped it to pieces... Now the funny thing is... You can't chop real estate up like they do corporations so the market was doomed to fail... Ohhh Former President Bill Clinton stops by the show to pay Jon a visit. http://www.hulu.com/watch/36252/the-daily-show-with-jon-stewart-tue-sep-23-2008#s-p1-so-i0 > > > Pelosi is stupid for politicizing this bill, but it's not the first > time she's been stupid. > > On Mon, Sep 29, 2008 at 2:14 PM, Jacob <[EMAIL PROTECTED]> wrote: > > 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:271456 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
