Categories
Banking Economy Financial Markets Politics Videos

Financial Modernization Act of 1999

Senator Byron Dorgan (D-ND) was prescient when he gave this speech in the Senate on November 4, 1999 regarding the Gramm Leach Bliley Act.

Yes, Virginia, Senator Dorgan saw a light at the end of the tunnel and he knew a train was coming. He knew it wasn’t sunshine and that the passage of the Gramm Leach Bliley Act would eventually bring down our economy.

Part 1

(http://www.youtube.com/watch?v=OvnO_SH-4WU)

Part 2

(http://www.youtube.com/watch?v=veAOoQEy0PI)

Did you hear Senator Dorgan say “Too big to fail“? These words are so familiar to us. Unfortunately, Congress didn’t heed Senator Dorgan’s words. He predicted that we would be visiting the failures in 10 to 15 years as a result of passing the Gramm Leach Bliley Act and Congress didn’t listen.

(h/t to skymutt at Daily Kos)



Categories
McCain Videos

Tom Ridge Scores a Homerun

Tom Ridge was correct when he referred to John McCain as John Bush. Yeah, John McCain is more of the same. No maverick there unless you consider gambling with our job market, gambling with more wars, gambling with our health care, and gambling with Social Security as being a Maverick.

The American people have had enough of the last eight years of failed policies and poor judgment. Americans deserve better.

Obama/Biden 08