Banking: Banking Deregulation | Knowledge Base

Banking Deregulation

Which party was responsible for bringing up and p ing the deregulation of our banking and financial ins utions? Was John McCain a sponsor or did he simply vote for deregulation

Responses:

On the one that deregulated Wall Street did not sponsor it. One of the sponsors was Phil Gramm. McCain just voted for it. But what he said on September 21 this year is more telling about why he is loss on the economic crisis. "During a September 21 interview on CBS's "60 Minutes, " McCain was asked if he regretted a 1999 vote for deregulating Wall Street. "No I think the deregulation was probably helpful to the growth of our economy, " McCain said. ". politicalticker. blogs. cnn.com / 2008 / 09 / 29 / fact - check - mccains - stance - on - deregulation / #more - 21420
clinton was the most recent person to sponsor more deregulation. Before that it was carter johnson and raygun. Mccain has sponsored bills to regulation but they have been voted down
The Bible says Jas 3:8. A double - minded man is unstable in all his ways. This describes John McCain. His own party did not stand behind him in Congress. I can not vote for McCain. He has shown this week how unstable, how weak he is in the Economics, and how willing he is to do anything to win. McCain now, running on a ticket for regulations after supporting Grimm & Leach's Bill that opened the flood gates for Visa, MasterCard, Discovery, and Am. Express to raise interest rates, even if you credit report said Paid as Agreed, Never Late for 72 months on all three credit reporting companies. This action caused many home budgets to be thrown off and the public were blamed on all the News stations
John McCain submitted legislation proposing MORE oversight on Fanny Mae and Freddie Mac. This ran counter to his usual position that less Government is better. The Problem for more lending to irresponsible borrowers has been caused since the 1990's when legislation "forced" lenders to be more lenient to marginal borrowers. Obama became a key advocate for more liberal lending policies when as a lawyer working for "ACORN" that organization performed "strong - arm tactics" such as demonstrations at bankers homes, and interruptions at banks to compel more liberal lending policies. Recently a funding bill supported by Obama proposed a 20 percent earmark to add money earmarked directly to "ACORN" This is all part of the "LIBERAL" and so t agenda of Senator Obama. This is only one reason Obama is not my candidate of choice. He is part of the problem, not part of the solution!. I am not saying ALL of the problem is Obama's! The Problem is systemic in the liberal agenda of making marginal borrowers become homeowners as part of the American Dream. IT always sounds wonderful that everyone should have a chick in every pot. But that policy, initiated by the Democrats and supported by enough Republicans yes, republicans are therefore implicated all lead to our current crisis. We America cannot be everything to everyone. This Nov 4th we can vote for reformers who have promised to strike at every politician regardless of party affiliation. They will reveal every Republican, every Democrat, everyone who is tearing our nation to pieces. They promise to veto every measure with riders, earmarks, and pork barrel attachments. They will reveal names on the internet. They will veto even good measures if they have bad attachments until only the good parts are presented for enactment into law. I well do nothing else this year; let us not vote for any Party affiliation. Let us vote in REFORMERS!

Tags: vote, deregulation, party, sponsor, mccain

Follow this dicussion..

Knowledge Base

HOW DO i GET A PAYPAL CREDIT CARD?

most credit cards are accepted by paypal. to get a paypal account go to ebay and sign up. create a paypal account, then sign up using the link at the your account page. most credit cards are accepted by paypal. to get a paypal account go to ebay and sign

What are your experiences with a Reverse Mortgage

as a licensed mortgage lender, my advice would be to consider other alternatives. reverse mortgages do not make sense with interest rates being as low as they are right now. as a licensed mortgage lender, my advice would be to consider other alternatives. reverse mortgages do not make sense with

Does borrowing a line of credit hurt my credit score?

i have perfect credit currently and no debt. i also have plenty of money in the bank. my credit card company has an offer to borrow against my credit line for a 1 percent apr and a startup fee not to exceed usd 75. the offer just seems too good

What is the best credit card for students?

i want to get a credit card to purchase a laptop and to build credit. what is the best card i could get with the most benefits and best interest rates?. whoa! save the money and pay cash. if you really want to establish credit and are over 18, once

when does mortgage refinance make sense?

hello all, i 'd like to know how to best use mortgage refinance, and usually for what reasons people refinance. also does refinance ultimately cost more? i do not need

Knowledge Base: Bank

I have a personal check from another company that is out of town and the person home bank will not cash this a?

a check from out of town - to me about a usd 1000. 00 need a company that is no run around - the check is from a company to me - his bank in home bank meaning same bank he uses - calif. will not honor it take a

Banking Deregulation

which party was responsible for bringing up and p ing the deregulation of our banking and financial ins utions? was john mccain a sponsor or did he simply vote for deregulation. the bible says jas 3:8. a double - minded man is unstable in all his ways. this describes john

What's the difference between banking with a regular bank and credit union?

i was suggested to get a saving and checking account at a credit union and there is one in my city called american's first credit union, my question is what is the difference between banking at a regular bank and a credit union?. on the surface there is no difference

What do young people want in banking options?

i am doing my capstone project in management, and we are working with a local bank to develop a strategic plan for them. one thing they are wondering is what the younger generation would like to see as far as products or services that the bank provides. do you guys

Do you agree with an Obama advisor that newspapers should be bailed - out? Does media need licensing?

uncle sam, m is now in the banking industry, wall street, mortgages, the auto industry. what's left but media and private education?. and what's next?. take - over of the. no, govt. is getting too involved, next they will be telling us how many children to have, . let the

Is it possible to change your banking information to recieve an expected stimulus check in May?

i filed my taxes electronically and recieved my refund to my bank account. that bank account was compromised and will be closed as soon as i get back into the country. is it possible to change my banking information to a different bank to recieve my stimulus check?. doubtful that

How does banking work in Muslim countries when you're not allowed to charge interest?

in the west, charging interest is a fundamental part of banking. as i understand it, you're not allowed to charge interest under the faith. would one be breaking the rules of charging interest if one invested in a western bank. this world has issues to deal with. they make non

Knowledge Base: Banking