Cologal, nice to know there are still "passionate posters" out there. I said quite clearly in my post, I might add that the Democrats do not hold a monopoly on blame for the crisis. There are plenty of Republicans up to their $500.00 neckties as well.. Your suggestion that I'm just blaming democrats is erroneous.

Regarding Glass Stegal, you motivated me to do a little research and I learned that Phil Gramm was a co-sponsor of a bill that repealed Glass Stegal. That act involved restrictions on the banking industry. What you didn't mention in your post was that Bill Clinton signed it. That would be the Democrat Bill Clinton.

Conn8757, interesting information. It almost seems like Congress deliberately muddles, clouds and confuses frequently redundant legislation. I believe the key legislation that had its roots referred to in the NY Times article is, Federal Housing Enterprise Regulatory Reform Act of 2005. McCain was a co-sponsor. Chuck Hagel was the prime mover. Their all listed on the link below. As I understand it, this was the legislation that Bush wanted in 2003.

Regarding the Republican control issue, everything I have vetted suggests the democratic leadership, especially Barney Frank and Chris Dodd, took the rank and file to the woodshed, brought them into line and convinced a sufficient amount of pliant Republicans to cross party lines and block the proposal.

I posted the contributions from Fannie Mae and Freddy Mac connected to the 2003 proposal. Cologal did her homework and established that McCain and company received political donations as well. I'm not sure they were connected with the 2003 proposal and did not buy McCain's vote....to the best of my knowledge. I believe Cologal's research concerned 2008 contributions ...not the 2003 in issue. Yes, I do mischievously enjoy stirring the pot. Keep posting.

http://www.govtrack.us/congress/bill.xpd?bill=s109-190