lol! WTH are you talking about son? Phil Gramm put in the repeal.<quoted text>
Who signed the Glass-Steagal act? George Bush?
Yes, there are many dark alleys to look at when it comes to the market meltdown. However, to casually point to any Republican(s) as if there were no Democrat fingerprints in the collapse is being completely dishonest.
We can post article upon article blaming this person or that entity, but the real bottom line is this is what takes place when government tries to run private business. Government doesn't belong in the loan industry. It doesn't even know how to govern yet alone how to run business. Let banks decide on what standards and who they will make loans to is the solution to the problem--not more regulation.
If minorities and poorer people are shut out of home ownership, then too damn bad. Get a better job and do something about your credit. Quit having kids you can't afford or car payments that you can't keep up.
If somebody blows up your house with dynamite, don't blame the dynamite, blame the person who put it there and lit the fuse.
Are you sure you know what you're talking about son?