Barack Obama Promised A New Kind Of Politics, But Played The Same Old Game

In March 2009, Senator Ber­nie Sanders attempted to block his nomination to head the Commodity F­utures Trad­ing Commiss­ion. A statement from Sanders’ office said that Gensler “had worked with Sen. Phil Gramm and Alan Greens­pan to exempt credit default swaps from regulation­, which led to the collapse of AIG and has resulted in the largest taxpayer bailout in US history.” He also accused Gensler of working to deregulate electronic energy trading, which led to the downfall of Enron, and supporting the Gramm Leach­ Bliley Act, which allowed American banks to become “too big to fail.”

The DLC-controlled Democrats have been working overtime since the 1980s to eliminate regulations and oversight.

We need more than Democratic politicians talking about thinking about needing regulations and actually doing it.  Implementing regulations.
About Barack Obama 2012
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