TV News LIES

Monday, Apr 21st

Last update11:05:21 PM 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...


CIA’s use of harsh interrogation went beyond legal authority, Senate report says

CIAA classified U.S. Senate report found that the CIA's legal justification for the use of harsh...

Feinstein: CIA should not lead declassification review of report about interrogation tactics

Dianne FeinsteinThe Chairwoman of the Senate Intelligence Committee has called for the White House—not the Central Intelligence...

Senate GOP blocks pay equity bill

GOP blocks equal pay bill in SenateSenate Republicans banded together on Wednesday to block the Paycheck Fairness Act, a Democratic bill aimed...

Ron Johnson did not tell police of assault allegations against Rep. Bill Kramer three years ago

Bill KramerU.S. Sen. Ron Johnson, his chief of staff and a Waukesha County GOP official were all...
 
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!