> RoMunn wrote: > That's the irony of this whole mess. Nope, the irony of the whole mess is that Bush allowed to insane levels of what Clinton started. Or, more accurately, Bush was clueless as to what was going on even though he was explicitly told.
Here's how it happened: (1.) Clinton dismantled the protections the Great Depression put in place with the Financial Services Modernization Act of 1999. (2.) Phil Gramm authored, and Clinton signed, the Commodity Futures Modernization Act which essentially said that the new unwalled entities created in #1 could do anything they wanted without oversight and without regulation. (3.) Bush and his economic team was too stupid to see what was happening. They were like you: they created narratives to pretend the truth didn't exist even though it was right in front of them. Now our country finds itself in the same position as, say, a freshly graduated law or medical student: a lot of potential, but a shitload of debt. And we're now doing the smart thing: starting our own business. But in order to do that, we've got borrow start-up money. So either help this new American Start-up be successful or get out of the way. Right now you're in the way of America. But, hey, the bus is leaving either way so you can either be on it or you can get dragged behind it. Your choice. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:289695 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
