Dean Lies on CNBC to Cover His Own Socialist Butt

 Howard Dean on CNBC just said the gov has to control the banks because the banks were irresponsible and caused the financial meltdown. NO, Dean –you the gov –that was entrusted with tens of regulatory agencies and a congress and senate with large staffs –never caught an Enron, never caught a Madoff, never regulated credit swaps, gov never saw anything wrong with bank leverage at 30 to 1, -gov never had the smart to regulate jack; –and so you blame the banks. Banks were using the Clinton law to make money. The banks were wrong; but gov was more wrong by passing the laws that created bad financial schemes; and never having enough smart to see or stop -housing schemes that would wreck the financial system.
 There are several lists of folks responsible for the financial meltdown -so I don’t blame Clinton; but Clinton passed important legislation:  Clinton signed the Commodity Futures Modernization Act, which exempted credit-default swaps from regulation. In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods. Bush= pushed early on for tighter controls over Fannie Mae and Freddie Mac, but he failed to move Congress.
 Once again: Banks getting money vs GM getting money? Banks are necessary for the American financial system to work; -buying a new car is not the most important consideration in a depression. Not to mention the liars of unions and their payed off democrat politicians who bankrupted the big 3 automakers; -and are presently after legislation to force ALL companies to follow the same fate. obama pelosi reid schumer don’t give one damn how much more the general public would have to pay for prescription drugs, food, clothes, and all kinds of things we use everyday –if Wal-Mart becomes union. You can follow the money payoff trail from Fannie & Freddie, AIG, unions, lawyers, … directly to obama pelosi dodd schumer reid.
 I wish we had gov leaders with some respect for free-enterprise capitalism; -instead of lying to cover up the failure of the socialist union democrats.        JayR