One And The Same

Oh, and don’t forget about this guy also (and to help his opponent, click here…more on the video here).

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2 Responses to One And The Same

  1. mcoville says:

    ““I would like to see us continue to deregulate on many fronts, including the financial services industry.” [Pat Toomey, 1999]” I like the way Mr Toomey said CONTINUE, because it was the Democrats under Clinton that deregulated the mortgage industry with the Riegel-Neal act of 1994.

    http://theaffordablemortgagedepression.com/2009/05/18/origins-of-the-housing-bubble-the-riegleneal-act-of-1994.aspx

  2. doomsy says:

    As noted from the link below, “The Clinton administration made enforcement of (the Community Reinvestment Act, which, contrary to right-wing mythology, didn’t cause a housing crisis) a priority. A major stimulus to this effort was the 1994 Riegle-Neal Interstate Banking and Branching Act, which permitted, through merger and acquisition, the nationwide banks we have today. That brought the CRA’s primary enforcement mechanism, consideration of a bank’s record of serving its community in evaluating the merger application, into play.”

    http://www.prospect.org/cs/articles?article=dont_blame_the_community_reinvestment_act

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