Comments on: The Big Picture on Financial Deregulation http://www.concurringopinions.com/archives/2008/08/the_big_picture.html The Law, the Universe, and Everything Sat, 20 Mar 2010 00:24:59 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Doug http://www.concurringopinions.com/archives/2008/08/the_big_picture.html/comment-page-1#comment-47775 Doug Sat, 25 Oct 2008 05:59:49 +0000 http://www.solove.org/archives/2008/08/the-big-picture-on-financial-deregulation.html#comment-47775 Wow I cannot believe this but I will be defending Bill Clinton. The deregulation that you speak of did not have anything to do with the current meltdown. I need to let you in on something, the mortgage market is not entirely free because the government is involved. I am talking about GSEs (Government Sponsored Entities – Fannie Mae & Freddie Mac). In 2004 the Senate banking and finance committee took up GSE reform. Republicans were calling for regulation and reform while Democrats were pushing back. See Google link: http://www.youtube.com/watch?v=_MGT_cSi7Rs On a side note McCain voted for this reform while Obama did his typical voting – present. Wow I cannot believe this but I will be defending Bill Clinton. The deregulation that you speak of did not have anything to do with the current meltdown. I need to let you in on something, the mortgage market is not entirely free because the government is involved. I am talking about GSEs (Government Sponsored Entities – Fannie Mae & Freddie Mac). In 2004 the Senate banking and finance committee took up GSE reform. Republicans were calling for regulation and reform while Democrats were pushing back. See Google link: http://www.youtube.com/watch?v=_MGT_cSi7Rs

On a side note McCain voted for this reform while Obama did his typical voting – present.

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