HO-BOY!! McCain admits he was responsible for deregulating banks

[BigBearJohn]

Markos and his diarist have a great find here.(http://www.dailykos.com/storyonly/2008/9/19/214728/574/854/604263) McCain admitting that he was responsible for deregulating Wall Street over the past decade. Nice. So now that we know that McCain's campaign manager was a lobbyist paid hundreds of thousands of dollars to fight off regulation of Fannie Mae and Freddie Mac, and that McCain himself is now taking credit for deregulating Wall Street, I think John McCain has worked his Keating Five magic once again.

Edit to add:

a TV AD needs to come out on this
RIGHT AWAY

We have to strike while the iron is H-O-T!!!

http://www.americablog.com/2008/09/mccain-admits-he-was-responsible-for.html

[elleng]

1. He and his friend[s] Gramms

undoubtedly had a lot to do with this, but they sure weren't the only ones. I have no opinions about these at the moment, but thought people might be interested.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x5126503

http://www.heritage.org/research/economy/bg174.cfm

http://lists.essential.org/corp-focus/msg00048.html

[craz3z]

11. I think he admitted it that first day in Florida

when he said "The fundamentals of our economy are strong" but later in the speech said "We will never put the American people in this position again."

[elleng]

2. He and his friend[s] Gramms

undoubtedly had a lot to do with this, but they sure weren't the only ones. I have no opinions about these at the moment, but thought people might be interested.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x5126503

http://www.heritage.org/research/economy/bg174.cfm

http://lists.essential.org/corp-focus/msg00048.html

[Motown_Johnny]

3. and he wants to do the same to health care... man I can't wait for the first debate

[BrainStorm]

4. Repealing Glass-Steagall act in 1999 allowed all this

.

[Metta]

5. Yes, that and Sara Palin boasting she got a D in economics.

And McShame saying the economy isn't his strong suit.

[LiberadorHugo]

8. That's funny...

I got pissed drunk the night before my last Intro to Microeconomics, didn't go, and I still understand the material extremely easy...I find it pretty damn fascinating, and if this keeps up, I may have to add an Economics major to my Honours Global Politics major.

[Metta]

12. Hey, that seems to be a big ticket these days.

And if it isn't too much trouble for you .... I doubled up my major that way and it's come to serve me well. Best regards and welcome to DU. :hi:

[central scrutinizer]

15. I can see the University's economics department from my office window

Ask me anything - I am an expert

[AnotherMother4Peace]

6. Does deregulation mean taking away the checks and balances? nt

[KitchenWitch]

7. Can I stop whining now?

[depakid]

9. "a TV AD needs to come out on this RIGHT AWAY"

Good luck convincing the geniuses at the Obama campaign. They've punted away a dozen opportunities like this since June, and don't show any signs of changing the pattern.

Boggles the mind- it really does.

[glowing]

10. Maybe he thinks if he cries and says I'm sorry it will work... It did on his

friends in the Senate.. but I don't think America is going to elect an old man cry baby!? I hope not anyway.

[AtomicKitten]

13. Not only is McBush wrong, he's also a lying sack of shit. A two-fer so to speak.

[progressoid]

14. I want to see this on the air!!!

[FrenchieCat]

16. KICK!

[grantcart]

17. we have been striking on this since Saturday

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x7130031