A Question of Barack Obama's Character
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A Question of Barack Obama's Character
| Fri, 10-10-2008 - 9:41am |
I know most all of the 0bama supporters on here have already drank the kool-aid, but come on, doesn't this give any of you pause when pulling the lever for him?

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No he didn't.
He didn't say that they had served on several boards together.
He didn't say there was a dinner in his home, hosted by him to help me launch my political campaign.
He didn't say I have written two reviews praising his books.
So it isn't a matter of what I believe, it is a matter of he didn't answer the question.
Then we'll have to agree to disagree.
Just what the question is.
It's a partial truth, it's giving the people the information you want them to have instead of what they want.
Again, that is your opinion.
I don't understand the issue? LOL, I think my econ professors from college way back would really find that accusation amusing.
>Under the old law, banks, brokerages and insurance companies were effectively barred from entering each others' industries, and investment banking and commercial banking were separated.<
The old law protected the commercial banking interests--in fact, protected your deposits and helped ensure that your savings were safe. Community banks made the majority of mortgage lending, and they were quite adept at judging safe investments in community housing. The elimination of Glass-Steagall protection opened the door to larger companies swallowing up the local banks, and decisions on mortgage lending became less a community related decision. It also opened up the local banks (now part of the larger corporate bank) to the larger risks being taken by corporate. Suddenly, even your savings account was at risk (though the federal government provides insurance).
>This was done by Bill Clinton and the republican congress.<
*sigh* The end of Glass-Steagall was done in 3 steps.
1. Depository Institutions Deregulation and Monetary Control Act of 1980.
2. Garn-St. Germain Depository Institutions Act
>I won't bore you further, let's just leave it that so far I have not found and authoritative explaination nor has anyone here that thinks it was all the Rep's fault provide one.<
I worked on the Hill for about a year
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