DOW Jones Up +410 as of now

[Kasz216]

ManusJustus said:

Kasz216 said:

Keeping there heads down because they are the same people that blocked McCain's attempts at getting regulation to stop this kinda thing from happening in the first place.

Just to clear things up:

McCain was for the deregulation that caused this mess in the first place, specifically supporting the Gramm-Leach-Biley Act.  Phill Gramm, was the main guy behind the bill, and is now McCain's economic advisor.

http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act

Then he saw what it was doing when congress got reports from Freddie and Fannie and tried to fix it.

http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16&bill=s109-190