So what are you saying: Republicans, believing in smaller government, less taxes, more individual freedom, fought a good fight against the deregulation of the banking industry, but lost?
Unfortunately, both sides, both parties (which is exactly my point) being controlled by special interests betrayed their own constituencies, destroying our economy in the process.
ex animo
davidfarrar
” as the recent mortgage crisis amply demonstrated “
What’s being said to you is that free-market forces didn’t cause the mortage crisis. Generally speaking the tampering of the free-market forces did. No mater which side of the isle did it...and it was the democratic side.
Don’t act like you want to understand something if you’re not going to listen.
To davidfarr, who like parsy, should let their tagline speak for itself
The Glass-Steagall Act was mostly repealed by the Gramm-Leach-Bliley Act in 1999, which passed with large bipartisan majorities, and was signed by Democratic President Bill Clinton.
Requests for better regulation of Fanny and Freddy were made by (among others) George W. Bush and John McCain on repeated occasions between 2002 and 2007. All were thwarted by Barney Frank, Chris Dodd, and the other Democrats who were happy to gamble your tax money and mine on a perpetually rising housing market.
You really don't have a clue what you're talking about, do you?