[Rev. Jules Winnfield]

...contribution to the mortgage crises, the fincial meltdown and? the current financial mess that we are in?The Gramm Act Baily Act of 1999 killed the Glass Stegall Act which was put into place to try and stop and repeat of the 1930's, removing the wall between investment and commercial banks.This opened a floodgate for subprime mortgages and the eventual collapse of the housing market.Also, Gramm spearheaded the Commodity Futures Modernization Act which open the gates for the unregulated derivitives market which almost, or did, destroy our economy.Why is he not mentioned anymore.Could it be that because Paul Krugman, A Liberal, has gone to great lengths to point out how Gramm's contribtions contributed to this mess?Sorry Liddel.This is a question about Gramm.Try again.

[Liddel]

and who would have signed that bill in 1999?lp

[James S]

Hmm so Bill Clinton is to blame. He signed it into lawFAIL

[Bug]

Conservative deflection.See, a Democrat was President, and even though Republicans wrote and passed the bill, Clinton signed it, so Democrats are to blame.And when the market crashed in 2008 , even though a Republican was President (Bush), Democrats controlled the House, so Democrats are to blame.And for everything the Republicans did when they controlled the House, Senate and White House, if even a single Democrat voted for it, it's the Democrat's fault.Clearly Republicans are not to blame, because there has always been a Democrat in government.EDIT: @ Blue Dog: I almost took you seriously until you completely exposed your ignorance. Republicans controlled congress from 1994 - 2006, meaning THEY controlled congress for "almost all" of Bush's presidency. You know 6 years out of 8? Geez, take a history class, read a newspaper, do SOMETHING to educate yourself.

[old school - spuds to you]

they also ignore the gramm-rudman-hollings balanced budget bill that reduced payments to medicare providers by 1% because he felt if you do that for a year you could save billions.

[Hector Frodo]

Because republicants are partisans, not patriots.

[815wanggaoshu]

I expressed my peace