Gramm-Leach-Bliley Act of 1999. Phil Gramm and our Debacle

[Pryderi]

I did a little research, and it looks like this deregulation passed with huge majorities in both the House and Senate, as well as being signed into law.

http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act
passed in the Senate 90-8-1 and in the House: 362-57-15. It was signed into law by President Bill Clinton on November 12, 1999.

Are we as democrats going to be able to use this issue?

[Uncle Joe]

1. That 90-8 vote was a conference vote on the language, not the bill itself..

http://www.dailykos.com/story/2008/9/16/203823/008/1013/601053

“John McCain's lying is contagious - The Wall Street Journal just caught it.”

[Pryderi]

6. Wikipedia states that the final vote was....

The final bill resolving the differences was passed in the Senate 90-8-1 and in the House: 362-57-15. It was signed into law by President Bill Clinton on November 12, 1999.

http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act

[Pryderi]

8. Can someone explain it to me? n/t

[sinkingfeeling]

2. Sure we can. McCain fully supported it.

[mrJJ]

3. Skewer the Freepers... They know this one will hurt

Gramm-Leach-Bliley Financial Services Modernization Act.

53 Republican Senators plus one Democrat - AYE

44 Democrats no Republicans - NAY

No truer words have been said "They (Fed & Treasury) have socialized risk.

Financial reward has always been associated with assumption of risk, but what the republicans have managed to do is divorce the two and in doing so they have managed to hold the rewards for themselves while transfering the risk to all of us.

They must really believe were stupid.
How The Senate voted


http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=106&session=1&vote=00105

[Winterblues]

4. Didn't Biden as well?

:shrug:

[Pryderi]

5. Even he voted against it.

[Supersedeas]

7. also consider McCain's lack of objection to PL 109-351