Date registered: Apr 2004
Location: The BlueGrass State
Mentioned: 0 Post(s)
Quoted: 2 Post(s)
I would think FSMA might be your answer. But its deregulation it did not stop regulations altogether, and there were still sufficient regulations on the board to secure the system AS LONG AS THEY WERE ENFORCED.
But this bill was the best that Lobby money could buy, and they dumped in buckets full. Banking and financial sector lobbyists funneled in over $300 MILLION to Senators.
In fact, McCain's good buddy and Economic adviser Phil Gramm collected more than $1.5 million in cash from the three industries from 1995 until passage: $496,610 from the insurance industry, $760,404 from the securities industry and $407,956 from banks. Cool huh!
Want to know more? I can collect bonus points or scalps. Either works for me.
Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.