Information Regarding the Gramm-Leach-Bliley Act of 1999 (click at title, thank you.) - AKA Financial Modernization Act
Gramm is McCain's Financial Advisor
October 2, 2008
Byron Dorgan’s Crystal Ball (click here - Video)
Many believe the 1999 Financial Modernization Act as one of the causes of the current financial crisis
In 1999 Congress passed the Financial Modernization Act, which allowed banks, insurance companies and investment houses to merge. Many experts point to it as one of the causes of our current financial crisis. At the time, Byron Dorgan was one of the few senators to speak out strongly against the legislation. Looking back, his predictions in 1999 seem prophetic and, looking forward, his views raise more questions about the $700 billion bailout plan.
N-deal with India unbelievable mistake: Dorgan (click here)
..."This agreement is an unbelievable mistake. We are saying to India it is okay if you produce additional nuclear weapons if we cannot see them. I think that is almost unbelievable," said Senator Dorgan moving the amendment on the bill that he said allows India to build on its nuclear arsenal behind a curtain....
ND senators split on bailout (click here)
...Dorgan opposed deregulation of the banking industry nine years ago . He says he does not believe the current bill will do enough to regulate financial markets, especially hedge funds and derivatives trading....
Alabama
Sessions (R) No; Shelby (R) No.
Colorado
Allard (R) No
Florida
Nelson (D) No.
Idaho
Crapo (R) No.
Kansas
Brownback (R) No; Roberts (R) No.
Kentucky
Bunning (R) No
Louisiana
Landrieu (D) No; Vitter (R) No.
Michigan
Stabenow (D) No.
Mississippi
Cochran (R) No; Wicker (R) No.
Montana
Tester (D) No.
North Carolina
Dole (R) No.
North Dakota
Dorgan (D) No.
Oklahoma
Inhofe (R) No.
Oregon
Wyden (D) No.
South Carolina
DeMint (R) No
South Dakota
Johnson (D) No.
Vermont
Sanders (I) No.
Washington
Cantwell (D) No
Wyoming
Barrasso (R) No; Enzi (R) No.
