Wednesday, September 17, 2008

The simple truth of the matter

In 1999, the senate voted on the Gramm-Leach-Bliley Act.

This Act repealed the Glass-Steagall Act which put in place safeguards and regulations after the 1933 banking failure that was the bigger part of the Great Depression.

Ted Kennedy and Joe Biden stand among the true mavericks who opposed this bill.

John McCain's latest ad claims that he intends to go to Washington and shake up the financial industry and remake Wall Street.

The simple truth is that he already did, by voting for this Act ten years ago, and now we are reaping the effects of McCain's idea of change.