bigjon said:
Ok. Enough of that mccain wanted to get rid of regulation or whatever. Freaking read this. It is from the Congressional Senate recored (not foxnews for you sansui) http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16&bill=s109-190 He displayed a heck of a lot of foresight there. He said the regulation is f'd up. He said it was corrupt, and could pose a huge danger to the economy. This bill was blocked by the democrats, just in case you wanted to know. So please stop saying it was McCain blah blah no regulation. It is on the congressional record. I'll get to your Obama comment later
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In the wake of last week’s financial meltdown, Sen. John McCain (R-AZ) has been calling for more regulation and criticizing lax oversight of Wall Street, despite the fact that he and former senator Phil Gramm passed much of the deregulatory reforms that led to the current crisis. Interviewed on CBS today, however, McCain said he does not “regret” championing the deregulation of Wall Street:
Q: In 1999, you were one of the senators who helped pass deregulation of Wall Street. Do you regret that now?
McCAIN: No. I think the deregulation was probably helpful to the growth of our economy.
http://thinkprogress.org/2008/09/21/mccain-deregulation/
