AIG

Originally Posted by TheMercenary

Barney has been a master at deflecting any responsibility he has in this. And he has plenty. Another great example of the double standards of the Dems. If he jumps up and down enough and makes a big fuss over all of it he can be seen as taking the issue head on, all the while ignoring history.

I would suggest you are ignoring history if you ignore the role of Frank's republican predecessor, Michael Oxley, as chairman of the House Financial Services Committee for six years...particularly the unintended (?) consequences of SOX (Sarbanes-Oxley Public Accounting Reform Act).

As well as the impact of the repeal of the Glass-Steagall Act by Clinton and the Republican Congress that torn down the wall between commercial and investment banking.

And Chris Cox, the Bush appointed chairman of the SEC who failed in holding the SEC to its independent oversight role.

There is plenty of blame to go around.

[TheMercenary]

Originally Posted by Redux

I would suggest you are ignoring history if you ignore the role of Frank's republican predecessor, Michael Oxley, as chairman of the House Financial Services Committee for six years...particularly the unintended (?) consequences of SOX (Sarbanes-Oxley Public Accounting Reform Act).

As well as the impact of the repeal of the Glass-Steagall Act by Clinton and the Republican Congress that torn down the wall between commercial and investment banking.

And Chris Cox, the Bush appointed chairman of the SEC who failed in holding the SEC to its independent oversight role.

There is plenty of blame to go around.

I don't ignore them. I am talking about the person who is on the headlines trying to deflect his own responsibility.