Sunday, March 08, 2009

U.S Senators who voted on the Bill which repealed of the Glass-Stengall Act.

It seem the Key to the Modern American Finacial Fiasco , was the Repeal of a law called the 'Glass- Stengall Act". The Glass-Stengall act was originally designed after the great depreession to regulate banking by keeping customer savings separate from banking investment. By Repealing the act allowed banks to speculate with savings. Though I may not have described it right,it is agreeded by many economic pundits that its repeal allowed for this big finacial fiansco we seemed to be in.

Though the Bill for the repeal of this act was sponsored by some republicans mainly, Phil Gramm of Texas. It was finally signed into law during the Democratic Clinton Administration, and his treasury advisor, Bob Rubin.

Below I try to include Senators, who voted for and against this Bill.

Democrats who Voted Yes..

Democratic Daniel Akaka, Max Baucus, Evan Bayh, Joseph Biden, Jeff Bingaman, John Breaux, Robert Byrd, Max Cleland, Kent Conrad, Tom Daschle, Christopher Dodd, Dick Durbin, John Edwards, Dianne Feinstein, Bob Graham, Fritz Hollings, Daniel Inouye, Tim Johnson, Edward Kennedy, Bob Kerrey, John Kerry, Herb Kohl, Mary Landrieu, Frank Lautenberg, Patrick Leahy, Carl Levin, Joseph Lieberman, Blanche Lincoln, Daniel Moynihan, Patty Murray, Jack Reed, Harry Reid, Chuck Robb, Jay Rockefeller, Paul Sarbanes, Chuck Schumer, Bob Torricelli, Ron Wyden

Democrats who voted NO.

Barbara Boxer, Richard Bryan, Byron Dorgan, Russell Feingold, Tom Harkin, Barbara Mikulski, Paul Wellstone

Republicans who Voted Yes

Republican Spencer Abraham, Wayne Allard, John Ashcroft, Robert Bennett, Kit Bond, Sam Brownback, Jim Bunning, Conrad Burns, Ben Campbell, Lincoln Chafee, Thad Cochran, Susan Collins, Paul Coverdell, Larry Craig, Michael Crapo, Mike DeWine, Pete Domenici, Michael Enzi, Bill Frist, Slade Gorton, Phil Gramm, Rod Grams, Charles Grassley, Judd Gregg, Chuck Hagel, Orrin Hatch, Jesse Helms, Timothy Hutchinson, Kay Bailey Hutchison, James Inhofe, James Jeffords, Jon Kyl, Trent Lott, Richard Lugar, Connie Mack, Mitch McConnell, Frank Murkowski, Donald Nickles, Pat Roberts, William Roth, Rick Santorum, Jeff Sessions, Robert Smith, Gordon Smith, Olympia Snowe, Arlen Specter, Ted Stevens, Craig Thomas, Fred Thompson, Strom Thurmond, George Voinovich, John Warner

Who Voted No.
Richard Shelby

Didn't Vote
John McCain

Not present
Peter Fitzgerald

Lots of notable names on this, On the Democratic side, you havr people like Joesph Biden, Dianne Feinstein, Tom Daschle , John Kerry, Joesph Lieberman, Chuck Schumer ( On Senate Banking Commitee), Christopher Dodd ( Head of Senate Banking Committee)...
If your Out of Money or a Job,or a home You can thank all these people who voted yes on this bill.

The Notable exceptions on this bill was John Mcain ( Who Didn't vote), a Sole NO vote in the Senate by "Richard Shelby" on the Republican side and on the Democratic side, California's Barbra Boxer , and Fuss Feingold.

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