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Originally Posted by map
This nightmare all started with CRA/ACORN 1977 thank you Jimmy Carter & 1999 Bill the blue dress Clinton.
"Financial Services Modernization Act," which repealed the part of the Glass-Steagall Act.
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The Financial Services Modernisation Act was a GOP bill - sponsored by Phil Gramm (one of McCains primary economic advisors, BTW). The first vote was primarily GOP for, DNC against. Revisions were made so that the DNC would vote in favour. The final vote was 90-8 in the Senate and 362-57 in the House. Clinton signed because the Congressional vote was veto-proof. I'm no fan of Clinton, but pinning the blame on him is just not accurate.
Quote:
Originally Posted by map
It's time to drain the Washington swamp!
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Yep!!!
Steve