[jb_1430]

Quote by: lsbskins1 Commodity Futures Modernization Act of 2000 - Wikipedia, the free encyclopedia - The history of this is obvious. HR 4577 contained multiple appropriations bills and at least one time bomb, HR 5660. It's an example of the stupid games the republicans played, attaching these kind of deregulations on to necessary appropriation bills, so that others have little choice but to vote for them so that you don't have to cut off Treasury, HHS, SCHIP, and legislative appropriations. So, Clinton signs HR 4577, and the Democrats introduce bills trying to get rid of HR 5660 over the years, and are voted down repeatedly by the "fundemental deregulators". Even after, I might add, the Enron mess pointed the potential problem out. Bush even vetoed in 2008. But - BECAUSE THE DEMOCRATS HAD RETAKEN CONTROL, they had the ability to get this stuff out of comittee, and ask for an honest vote, so they were able to over-ride the veto. Too little, too late, but not because they did not try over the years. And Sean Hannity, et al, are blaming the homeowners by implying that if we hadn't "relaxed the rules" on minority buyers, we would not be in this mess. Own 'em if they represent your side.

Couldnt come up with a single example of efforts by Democrats to regulate credit default swaps? Yeah, I got the impression you were just makin this sh#t up as you go along. And the only regulations of credit default swaps they were seeking wouldnt have done anything to alleviate the current mortgage crisis.