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Re: BullNBear52 post# 378379

Tuesday, 10/14/2008 9:35:23 PM

Tuesday, October 14, 2008 9:35:23 PM

Post# of 495952
I didn't miss anything. The S&L crisis
of years ago has nothing to do with what's happening today. Today's crisis started in 1995 with Clinton's Community Reinvestment Act. After Bush was elected his administration saw the problem coming. He proposed regulatory overhaul but the Dems said there wasn't a problem including Frank. The dems just kept using F&F as there own bank. Bush attempted to regulate and stop what was happenng 11 times between 2001 and 2007. And 17 more times in 2008. McCain sponsored a bill S.190.
Democrates shot it down. I may not know the details of banking but I know right from wrong. You mean Frank as Chairman of Finacial Services or Dodd the Banking Commitee Chairman didn't know what was going on? You are the one that's clueless or in denial. IMO
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