It pretty much looks like a bipartisan cluster-funk to me, that not enough people tried to see what the unintended consequences might be.
Smokingfrog, who starts to get a headache trying to figure out who's trying to screw us the most.
Bipartisan for sure but I would lay blame more on Republicans because Congress is supposed to be will of the people and Republicans overwhelmingly voted it through Congress while Democrats voted against it ———>>>>
The bill that ultimately repealed the Act was introduced in the Senate by Phil Gramm (Republican of Texas) and in the House of Representatives by Jim Leach (R-Iowa) in 1999. The bills were passed by a Republican majority, basically following party lines by a 54–44 vote in the Senate[12] and by a bi-partisan 343–86 vote in the House of Representatives.[13] After passing both the Senate and House the bill was moved to a conference committee to work out the differences between the Senate and House versions. The final bill resolving the differences was passed in the Senate 90–8 (one not voting) and in the House: 362–57 (15 not voting). The legislation was signed into law by President Bill Clinton on November 12, 1999.[14]
Oh it was. Just like the Bankruptcy Reform Bill. But whenever the crux is related to “de-regulation”, I think that is more GOP. It’s one of their bugaboos. So it’s maybe 51-49 against the GOP. A pox on both parties. This is a place for common ground by the grass roots people of both parties. Whatever, the GOP don’t need to go around acting all smug and innocent and trying to pin it on the Dems and vice versa.
parsy, who notes Karl Denninger had a real good post about this when he had to spank Ann Coulter the other day
Here is a real good site for all the major players (of both parties) and sequence of events. The footnotes and internal links are great, too.
http://www.crashopedia.com/index.php/Main_Page
parsy
