Well very few get a pass...Sen. Dorgan is one... but if you look at the votes, it was mainly a Republican initiated and backed bill. Why Clinton signed the danged thing I dunno. IT would have passed anyway ( > 2/3rds majority ), but the shouldn't have signed off on it.
Now there's breaking news on AIG and some kind of insurance guarantee we'll have to pay for to the tune of $ 50 Billion !!! (sorry it deserves 3) I think we need to round up the bass-turds who set these laws up and take everything they have !! Send them to Mexico... they'd fit right in with the drug lords and the corruption.. I know we'd probaly only have 10% of Congress left, but so be it ! DO IT !
MacBozo
Nut Dood
Registered: 04/20/02
Posts: 16605
Loc: Pinellas Park, Florida
At the time, they had Bill Clinton by the gonads which was part of the rethugican's plan to keep him so tied up in investigations and litigation so that he would be rendered ineffective.
Well that explains a lot, but IMHO it's still no excuse to sign such a sorry bill
You know from the S&L scandal of the 80s and our bailout that these greedy SOBs are looking for any "crack" in the wall (that prevents them from screwing everyone) ... just like roaches.
I hope people realize who primarily set up and fostered these tax payer bailouts of greedy "money grabbers" !!
It would be interesting to see who received political donations from AIG and how much over the past say 10 years. And remember, AIG insures the congressional retirement fund, or so I've been told..
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mojo_jojo
I invented modding!
Registered: 04/25/02
Posts: 2365
Loc: Syracuse, NY
Democrat selective memory syndrome strikes again. What they said in 1999...
...''If we don't pass this bill, we could find London or Frankfurt or years down the road Shanghai becoming the financial capital of the world,'' said Senator Charles E. Schumer, Democrat of New York. ''There are many reasons for this bill, but first and foremost is to ensure that U.S. financial firms remain competitive.''
...In the House, 155 Democrats and 207 Republicans voted for the measure, while 51 Democrats, 5 Republicans and 1 independent opposed it. Fifteen members did not vote.
...''Today Congress voted to update the rules that have governed financial services since the Great Depression and replace them with a system for the 21st century,'' Treasury Secretary Lawrence H. Summers said. ''This historic legislation will better enable American companies to compete in the new economy.''
Isn't Larry Summers a leading Obama official now???