TV News LIES

Thursday, Jul 02nd

Last update05:52:55 AM GMT

You are here News Congress Did Your Representative Cause the Financial Crisis?

Did Your Representative Cause the Financial Crisis?

E-mail Print PDF

In 2000, Congress passed a law barring states from regulating credit default swaps under their gambling and “bucket shop” laws. This set the stage for the market in “financial derivatives” that are a big part of what is causing the economic meltdown today.


One hundred fifty-five of the Members of Congress who voted for this law are still serving—and they’re up for reelection next week. You might want to take their votes on credit default swaps into account when you go to your polling place.

The Senate passed the bill on “unanimous consent.” Everyone just agreed to let it go through, including 22 Senators who are up for reelection.

More...


Most Recent Related Stories...


Dems fold on trade; back worker's aid bill

Dems fold on trade billThe trade battle is over.House Democrats have labored for weeks to stop President Barack Obama’s request...

Meryl Streep asks Congress to revive ERA

Meryl StreepNo actor or actress can match Meryl Streep's 19 Academy Award nominations, and only Katharine Hepburn...

Senate Gives Obama Huge Win On Trade

Senate voteThe Senate on Tuesday handed President Barack Obama the biggest legislative victory of his second term,...

Mitch McConnell commits to abortion ban vote

Mitch McConnellSenate Majority Leader Mitch McConnell guaranteed a vote on a bill imposing a federal ban on...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!