Will you really pay off my mortgage? That would be most helpful, Thank you!
On 10/19/10, Tommy News <[email protected]> wrote: > It was the deregulation of many institutions through the last several > decades. > > Against the democrats wishes, republicans first deregulated the > banking industry. IT was a move to fleece the banks and they did. Niel > Bush helped cause the collapse of Lincoln Savings and Loan. That > shenanigans cause a Multi billion dollar bail out with our tax money. > > Next, the GOP deregulated the electricity under the guise of cheaper > electricity. Electric rates promptly sky rocketed and we're all still > paying to this very day. > > Next, the GOP deregulated the mortgage industry. As we all now know, > deregulating the mortgage industry was nothing more than a license to > steal. > > A a reform bill aimed at Freddie and Fannie was introduced in 2005 > that would have required Fannie and Freddie to eliminate their > investments in "risky assets" and it would have given a regulator the > power to say "no way." This bill came after a warning by Alan > Greenspan that the two were on the path to putting our entire > financial system at substantial risk. > > This bill was co-sponsored by John McCain. > > However, the bill never came to a vote because Democrats decided to > make it a partisan issue, and opposed it along party lines. > > > Source(s): > http://www.bloomberg.com/apps/news?pid=n… > > > > > On 10/19/10, MJ <[email protected]> wrote: >> Tommy >> The Economic meltdown was caused by the BUSH deregulation of banks and >> wall Street, allowing toxic lending. >> >> MJ >> Please point to the specific legislation that accomplished this. >> Do note that Banks have been defacto controlled by the Feds since at >> least >> the 19-teens. >> >> Tommy >> They also squandered the surplus which Clinton accumulated. >> MJ >> There was no surplus -- merely an accounting gimmick. >> >> Tommy >> Conservatives will not fix anything, they will simply return to the >> failed Bush policies that caused this mess, and they have no >> constructive plan other than grabbing power back and blocking the >> President at every turn. >> MJ >> You are correct in that the Conservatives will not 'fix' (whatever that >> means) anything AND that they will simply CONTINUE (not return since >> they have not been 'left') the failed policies that Obama continued from >> Bush who continued from Clinton, Bush, Reagn, Carter, Nixon, Johnson, >> Kennedy, etc. >> >> >> Regard$, >> --MJ >> >> "I'm fully willing to use the veto if they [Congress] >> overspend." George Bush, Press Conference 26 Jan 06 >> >> -- >> Thanks for being part of "PoliticalForum" at Google Groups. >> For options & help see http://groups.google.com/group/PoliticalForum >> >> * Visit our other community at http://www.PoliticalForum.com/ >> * It's active and moderated. Register and vote in our polls. >> * Read the latest breaking news, and more. > > > -- > Together, we can change the world, one mind at a time. > Have a great day, > Tommy > -- Together, we can change the world, one mind at a time. Have a great day, Tommy -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
