Mitt Romney calls half of America freeloaders

[pointman]

Originally Posted by Danzig

that is absolutely not true. the problem was repealing glass/steagall, and removing the division between commercial and investment banks. you are completely mistaken on what caused everything to go downhill. go look up glass steagall on wiki, it'll tell you all about it.
and it was a bipartisan effort to get rid of those rules.

You are wrong on this Zig. The Republican's raised concerns early on in Bush's Presidency and wanted tighter regulation, the Democrats, led by the incompetent Barney Frank, vigorously opposed it.

http://www.youtube.com/watch?v=cMnSp4qEXNM

Here is Barney Frank in 2005 claiming that notions that reducing requirements for loans will lead to a financial collapse was fantasy.

http://www.youtube.com/watch?v=iW5qK...eature=related

Why people just blindly buy the Democrats spin on this is amazing to me, but this is just another example of the deception the Obama campaign uses to court the uninformed. Barney Frank is largely responsible for this mess and Clinton deserves his fair share of blame as well.