Banking Failure, A NEW Perspective – The Cause, A Matter Of Record Pt1

Some Congressman are calling on accountability,  I plan to help them out !

As there is much footage and information now in digital form on the web, we can now dig up video footage to show where current events problems came from in their root and what politicians were promoting them.

So for my first task,  the banking collapse (still in process) that has had an effect on every American Not to mention costing multi-trillion dollars to the world economy that directly impact our ability to export goods.

I find that you can not fix or stop a repeat of  a problem unless you understand where it came from.

Now President Obama does not want to finger point  (he didn’t tell me not to) and I do not want to accuse anyone of anything so let the file footage and congressional records speak for itself in their own words because there is plenty of blame to go around…

It is undisputed that the first enabler for the collapse of the banking system was the repeal of the Glass-Steagall Act. A act that was created from the last banking collapse in the early 1930’s that lead to the “Great Depression” .

the bill was called “Financial Services Modernization Act of 1999

Here is a full list who voted for it in the House and Senate.

Here is a short list of some still in office that Voted Yea/For:

Boenher (R-OH), McCain (R-AZ), Gramm (R-TX), Specter (R-PA now independent),  Kasich, (R-OH), Shuster (R-PA),

Lugar(R-IN)

Confusing as it is to me Nancy Pelosi(D-CA) Did Not Vote On This.  Politically safe???

Also worth noting, At least 5 (I can’t confirm  6 & 7) of the members voting Yea are currently serving prison terms.

J.Trafficant (D-OH)-bribery and racketeering &Already out,    B.Ney (R-OH)-corrupt dealings with now-convicted lobbyist Jack Abramoff, Bob Ney was the Main Sponsor of the bill,  R.Cunningham (R-CA)-Taking $2.1m+ Bribes, W.Jefferson (D-LA)-Bribery+++, Tom Delay(R-TX)-money-laundering,

Also Worth noting Some of Those still in office Voting Ney/Against:

Rockefeller (D-WV),  Biden (D-DE),  Kerry (D-MA),  Reid (D-NV),  Dodd (D-CT),  Kennedy (D-MA)(recent death),

Kapture (D-OH),  R.Byrd (D-WV),  M.Waters (D-CA),  R.Paul(R-TX),

List of the Bills Sponsors (those promoting the idea/need of the legislation):

So it’s bill signing day  Nov. 12 1999 and here is the what the politicians had to say about this so-called victory for the American People…

Please stop back as there is surely going to be a part 2 & 3 for this topic.

Were tak’n names and making a hit list !

There is a election coming !

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