The end is in sight

Quiz time: which President negotiated and signed the bill eliminating the Glass-Steagall regulations?

OK, OK, that's too hard a question. Sorry. The answer is "Clinton."

Next question: which reps followed up by forcing banks to make bad mortgages?

John

"Paul Hovnanian P.E." wrote in news: snipped-for-privacy@hovnanian.com:

sorry,but Obama wants the US to ratify the UN's small arms control treaty,and use that as the way to gun control without "violating" the Constitution.Then the courts will require gun control to fit the Treaty. Treaties override the Constitution. Of course,IMO,that is the trigger for bad things to happen.

Obama has always been for gun control,never voted against any gun control bill. And he's a evasive,sneaky,lying SOB weasel.

--
Jim Yanik
jyanik
at
kua.net

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You're quite right Clinton signed the Gramm-Leach-Bliley act repealing the

1933 Glass-Steagall act. It was a bad move and Clinton shares the blame, no doubt about it. However, all there of those guys, Gramm, Leach and Bliley were Republicans, right? The fact is that most deregulation comes from republicans starting with Reagan and Phil (a nation of whiners) Gramm was a major player pushing deregulation as recently as last summer as things were collapsing. He worked for McCain.

And Clinton was pushing for bank deregulation even before he was elected President. I wonder why.

John

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Only if Specter votes to stop it. It is very unlikely that he will in many cases. Specter's views haven't changed. He just can't stand to be a republican any more.

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If Franklin wins, and the Democrats can get their act together, then they might be able to block a filibuster. It still falls a long way short of "total power".

Simple bribery and corruption should do the trick. Many US politicians are honest and incorruptible, but there are enough of the the other sort to make filibuster-busting difficult even if the party affiliations make it theoretically possible.

-- Bill Sloman, Nijmegen

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I doubt that most people believe you that make it out to be Clinton's fault. In truth Democrats are about 20% culpable and Republicans 80% culpable. Deregulation was primarily a republican thing you cannot spin it any other way.

Tell us all about it... after the Obama-induced depression.

...Jim Thompson

--
| James E.Thompson, P.E.                           |    mens     |
| Analog Innovations, Inc.                         |     et      |
| Analog/Mixed-Signal ASIC\'s and Discrete Systems  |    manus    |
| Phoenix, Arizona  85048    Skype: Contacts Only  |             |
| Voice:(480)460-2350  Fax: Available upon request |  Brass Rat  |
| E-mail Icon at http://www.analog-innovations.com |    1962     |
             
 I love to cook with wine     Sometimes I even put it in the food

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Jim's logic is as weak as his general knowledge.

Wouldn't know. I don't check the jobs ads for janitor jobs. Jobs ads with "electronics" in the job description have vanished fom the Dutch web sites - there used to be a couple a week, but not any longer.

Or so Jim would like to think, if "thinking" is quite the right word for what Jim does with what's left of his brain.

Jim obviously has that paragraph permanently stored for repetitive use. Pity he can't afford to have someone write him something better.

Jim Thompson is a bit of twit, but Jim Yanik is even further out of his tree, and James Arthur present his delusions rather more convincingly. And the opinions of the nitwit right-wingers on this user-group aren't reflected in my social relationships in the real world - not that this of much relevance to sort of death we can all expect to die, surrounded by agitated medical staff in an intensive care ward ...

-- Bill Sloman, Nijmegen

@hovnanian.com:

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As if Jim Yanik needs to tell us that. One wonders what sort of "bad things" he expects to happen - the crime rates in the gun-tolerant states to rise to the level now observed in NHew York, which has fairly stringent gun control?

Or that's Jim Yanik's ever-so-predictable opinion. Since he's a Democrat, Jim Yanik would think that even if he were the moral paragon that his supporters believe him to be.

-- Bill Sloman, Nijmegen

Lots of people from both parties contributed, but only one individual had the final choice and the power to do it or not: Slick Willie. He was 100% President, and his pen made it law, and you can't spin that any other way.

And don't get me started on Barney Frank and Nancy Pelosi, who turned a potential disaster into a very real one.

John

Where did you get that idea?

--
Paul Hovnanian     mailto:Paul@Hovnanian.com
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I could get a new lease on life but I need the first and last month
in advance.

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The US social security and medicare systems are fiascos - not because the ideas are impracticable, since they work fine in other countries - because American politicians don't understand the social contract underlying the ideas, and won't implement them in a way that benefits society as a whole.

Actually, that was the U.S. banking system. The managers don't have to run for re-election every four years.

You really should try and find out what what your currnet administration is aactually planning on doing, rather than relying on Jim Yanik's imagination.

Your public health statistics would improve if you did. It seems unlikely that you will do that well.

-- Bill Sloman, Nijmegen

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Interesting concept. Members of the House of Representatives dropping their legislative work in favour of visiting their friendly neighbourhood bank and brow-beating the home loan negotiator into making ninja loans.

It does beg the question of how a member of the House of Representatives knew enough about individual home loans applicants to be able to brow-beat the negoatiator into making loans to only thise applicants who had neither income nor job.

Theoretically, it's the banks who are supposed to find out this kind of detailed information, and they were supposed to use it to avoid making home loans to people who had no chance of paying them off, but in the cloud-cuckoo-land invented by James Arthur for the benefit of ar-right-thinking nitwits, Congress managed to disrupt this expectation by insisting that the banks made some loans to people who lived in low-income neighbourhoods.

The relevant legislation didn't actually say that the recipients of the loans shouldn't have either an income or a job in order to qualify, but bankers know that everybody who lives in a low income- neighbourhood has neither an income nor a job, so they felt free to infer this implication.

John, if you want to post right-wing "just-so" stories, you really should send them to some kind of fantasy-oriented user group.

-- Bill Sloman, Nijmegen

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Of course he can. He's a nitwit right-winger when it comes to politics, and they see the world from a very strange angle.

They end up doing fatuous things - like invading Irak - in consequence, but there doesn't seem to be any mechanism for re- engaging their minds with reality.

-- Bill Sloman, Nijmegen

Specter lost Republican Party support and was facing a probable loss in the primaries. He took his only option. It's not an easy one, though. Likely to be stiff challenges from other Democrats in the primary and a mixed situation that could go either way. I think he was simply weighing which side gave him the better shot and went that way.

No question about that. I have been active in both parties in my day. Since you are from Oregon (and from the town I now live in), you may easily recall these Republicans:

Bob Packwood Mark Hatfield Wayne Morse Tom McCall Mary Alice Ford Norma Paulus Vic Atiyeh

I could name many more.

Those _were_ some of the pillars of the Republican party In Oregon in the first half of my lifetime and I enjoyed the fact that the Oregon Republican Party then was something to respect. They are (or would be) nothing but Democrats or Independents, today. The modern Oregon Republican Party wouldn't even recognize them and would run them out on a rail.

I think their _may_ be no more than two Republican US Senators left that might fit the mold those Oregon icons came from. Both from Maine.

It almost looks as though the Republican Party, on a national level, is imploding. I honestly would have wanted it to continue with vigor and strength had it kept the kind of people in it that the better parts of Morse, McCall, Hatfield, and Packwood represented. But that is long since gone.

On this, I generally agree.

Jon

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Especially since Specter has specifically mentioned that he won't be a reliable vote on that score, today. Besides, what about Lieberman?

It falls short of "total power" in the best of circumstances. Likely the veto proof nature will show itself in only one or two rather isolated cases. Even with Franklin in place.

Jon

Why promise gun control when the BATF is shutting down gunshops that have Violations like not crossing tees, dotting eyes, applicants using "Wash" instead of "WA" or "Washington", etc ad nauseum nevermind that said applications were APPROVED by BATF in the first place.

Do not forget that socialism started when FDR stole our gold...