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Now the Dems are for Bank Regulation?


Posted: Jan 29, 2010

Back when Bush wanted it done, they were totally against it. I'm posting 2 links for you. The first it the Bill S.190 submitted in 2005 by Charles Hagel with 3 co-sponsors.

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

Then read/listen to these videos (scroll down to the videos):

http://www.bucksright.com/bush-proposed-fannie-mae-freddie-mac-supervision-in-2003-1141

;

Bush's proposed regulations of banks - NJ

[ In Reply To ..]
Bush wanted to pare down bank regulation to three regulators and call it better. Wall Street liked it, which should tell you something about whether or not it was more regulation (not) or less regulation (which it was).

Claiming Bush wanted to fix bank regulation is kind of like saying Bush revamped Medicare with his prescription drug plan. Both were a sellout to big business.

NJ

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