So your blaming the crisis on derivatives instead of bad-subprime loans so you can take the blame off Obama and pin it to McCain.
Good luck with that :P On Mon, Oct 13, 2008 at 11:47 AM, Gruss Gott <[EMAIL PROTECTED]> wrote: >> Sam wrote: >> So now your blaming the crisis on a bill Clinton signed? >> >> > > Bingo. > > What the "Regan Revolution" was all about was rejecting all of the > lessons of The Great Depression. > > Gramm and McCain led the charge and Clinton signed it. > > If you want to blame one thing on this crisis, IMO, it's that bill and > its core author Phil Gramm. But Clinton signed it. > > Are there bad loans and bad insurance? Sure, but it's plenty regulated. > > The CFMA created the entire unregulated shadow banking and insurance > system that acted like global accelerant to a small lending fire. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:274046 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
