On Nov 26, 2008, at 4:47 PM, John wrote:
> You obviously didn't hear about the Republicans, in 2006, including
> John
> McCain, who said Freddie mac and fannie mae needed more overight.
> Meanwhile,
> Obama's buddies were raping the system, and Barney Frank was defending
> them....
...and then wise Senator McCain chooses Phil Gramm as his chief
economic advisor. For those who don't know Gramm, during his time in
the Senate he was responsible for dismantling nearly all of the bank
and credit market regulations put in place since the 1930s to prevent
a repeat of the financial events that were the major cause of the
Great Depression. Even as late as last week he still holds that that
was the right thing to do, and thought the only problem was that we
hadn't removed all oversight.
-- Ed Leafe
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