Tonawanda News

Sound Off

October 25, 2012

Sound Off published Oct. 25

(Continued)

Tonawanda News — •••

To the Oct. 23 Sound Off stating the Republicans got us in debt and its the Democrats trying to get us out. It’s amazing how uneducated one can be. So let me educate you. The bipartisan Financial Crisis Committer put blame on both parties: The Republican administration’s “inconsistent response” to the crisis — allowing Lehman Brothers to collapse in September 2008 after earlier bailing out another bank. The Democrats also come under fire. The decision in 2000 to shield the exotic financial instruments known as over-the-counter derivatives from regulation, made during the last year of President Bill Clinton’s term, is called “a key turning point in the march toward the financial crisis.” Please take the blinders off, educate yourself, then speak.

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