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From Today's Washington Post:
Obama said McCain "has fought time and time again against the common-sense rules of the road that could've prevented this crisis," neglecting to mention that his new brain trust on the crisis includes two Clinton administration Treasury secretaries, Robert E. Rubin and Lawrence H. Summers, who helped negotiate the deregulation of the financial services industries in 1999.
In an interview on Friday, Rubin said the law, named after its now-retired congressional sponsors -- Phil Gramm (Tex.), a top McCain economic adviser; Jim Leach (Iowa), who heads Republicans for Obama; and Thomas J. Bliley Jr. (Va.) -- "had no impact, zero," on the current crisis.
Full Story here
Obama said McCain "has fought time and time again against the common-sense rules of the road that could've prevented this crisis," neglecting to mention that his new brain trust on the crisis includes two Clinton administration Treasury secretaries, Robert E. Rubin and Lawrence H. Summers, who helped negotiate the deregulation of the financial services industries in 1999.
In an interview on Friday, Rubin said the law, named after its now-retired congressional sponsors -- Phil Gramm (Tex.), a top McCain economic adviser; Jim Leach (Iowa), who heads Republicans for Obama; and Thomas J. Bliley Jr. (Va.) -- "had no impact, zero," on the current crisis.
Full Story here
