After being an ardent supporter of the Gramm-Leach-Bliley Act, McCain now wants more regulation in the face of the financial sector meltdown. Great, I agree there, but GLB (which McCain supported and which Phil "A Nation of Whiners" Gramm co-authored) was in large part responsible for the conditions that led to the current crisis.
Just like the S&L deregulation of the 1980's. Both times these things were pushed by Republican legislators (and in the 80's approved by a GOP President).
So now McCain wants to close the barn door. Too bad he was one of the biggest supporters of opening it to let the horses out...
Technorati Tags: Politics, McCain-Palin, Hypocrisy, Deregulation, Financial Meltdown