Its impossible to blame everything on that, and all democrats had to do was have Bill Clinton veto it.
You know damn well that the Dems ala Frank and Dodd had a bigger impact by causing the housing bubble.
America is saturated and inhabited by people who will live on http://en.wikipedia.org/wiki/Passive_income
Suggest you find out how GLBA was passed ... last day of congressional session attached to an appropriation bill. Pardon me? Do you know me? In fact I don't know "damn well" that Frank and Dodd had any appreciable impact on the housing bubble.
tmarket is the voice of reason. It IS the accumulation of bad laws that, in the end, do make the difference. Some are malicious, some innocent mistakes, and some poorly thought-out and poorly worded. All bad, nevertheless. Anyone serving in the House or Senate as long as Frank and Dodd have is bound to have been behind some bad laws, but it is utter nonsense to think they were responsible, except in very peripheral roles, for the housing bubble and subsequent troubles. There was nothing whatsoever in the directives that go back to the Carter era seeking to level the playing field with regard to credit access that could be misconstrued to sanction or condone liar loans and the other abuses that took place many years later. If you want to blame someone, and it is a little late for that, perhaps you should consider those directly involved, such as the chief mortgage regulator, who as it turns out, did not believe in regulation. We would do well to learn from mistakes and correct bad laws. There are those trying to do just that. They could use support and encouragement, not absurd accusations.
Obama thinks if GOP is going to win in November, wait until they get some power and let them vote on the budget to show that they are the same as Democrats.
The Frank & Dodd stuff pushed by the Republican National Committee and the bank lobbyists who have them in their pocket: Right wing mythology. It has a seasoning of fact, but a much larger helping of BS. Not enough spices in the world to make it something you'd want to eat.
Liberals will simply not accept any blame- it's an accumulation of bad republican laws that forces Obama to send medicaid through the roof. The Li algorithm, Barney Frank saying nothing was wrong at Freddie in 05, the CRA, Greenspan... not of it matters, it was all republicans who are to blame for the housoing bubble and therefore the current democrats overspending. This is inane, why bother, why don't you just admit that no matter what everything is the republicans fault. No need for further explaination.
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