Quote:
Originally Posted by TheMercenary
Your Demoncratic White House Packaged Talking Points have no merit. Take your Snake Oil Sales somewhere else.
If you want to discuss Sub-Prime Lending start with Barney Frank and the pressure of the Demoncrats in the late 1990's and then maybe we can talk.
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In fact, it was the pressure of the Republican majority Congress in 1999, led by Phil Gramm in the Senate and Jim Leach and Tom Biley in the House (thus the Gramm-Leach-Biley Act) along with Clinton's acquiescence, that resulted in the repeal of the Glass-Steagall Act that opened up the market to the abuses and excesses of the banks, securities companies and insurance companies that occurred in the early 2000s.
Barney Frank voted against it.