TV News LIES

Wednesday, Feb 22nd

Last update05:20:13 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...


Mark Sanford has nothing left to lose. And he’s here to haunt Donald Trump.

SanfordNone of this feels normal. The congressman greets me inside his Washington office wearing a wrinkly...

Trump nominee for Israel ambassador heckled, questioned at Senate

David FriedmanPresident Donald Trump's nominee to be U.S. ambassador to Israel faced repeated heckling at a Senate...

Trump EPA nominee ordered to release emails with energy industry

Scott PruittAn Oklahoma judge on Thursday ordered President Donald Trump's nominee to run the Environmental Protection Agency...

Senate abolishes Obama-era rule on gun ownership by mentally disabled

Senate abolishes restiction for mentally ill gun ownersThe U.S. Senate on Wednesday approved a rollback of a rule preventing some receivers of Social...
 
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!