Talk of The Villages Florida - View Single Post - Does This Bother You About The Bailout Negotiations?
Thread: Does This Bother You About The Bailout Negotiations?
View Single Post
 
Old 10-01-2008, 07:15 PM
Guest
n/a
  
Posts: n/a
Default
Quote:
Originally Posted by SteveZ View Post
The key "degregulation" action was the Gramm-Leach-Blibey Financial Services Modernization Act of 1999. We've brought this Act up on other posts.

Sen McCain was a Not-Voted on this bill - Sen. Obama was not yet in office - Sen. Biden and Dowd voted YEA - Rep. Pelosi voted YEA and Rep. Frank voted NAY.

A Democratic President signed it into law, a veto would not have mattered as it passed both Houses of Congress with more than sufficient votes to override a veto.

So, the forces for "deregulation" include by their votes most of the Democratic and Republican leadership, with Sen. McCain and Rep. Frank going against the grain.
The Villages Florida

I wondered about that veto......