How a bill becomes a law

by James Taranto in today's WSJ is very interesting, and he wrote it for the Kos Kidz misinformation being spewed at the Daily Kos, a far left-kook web site. By the time he finished I think I understood more about the 1999 Graham-Leach-Bliley Act which passed the Senate on a 90-8 vote, with both Reid and Obama running mate Joe Biden casting "aye" votes. ". . . without Gramm-Leach-Bliley, which abolished the barrier between commercial and investment banking, the recent deals that saved Bear Stearns and Merrill Lynch would have been impossible, since both of them involved a commercial bank acquiring a troubled investment bank." Story here.

And Obama's links to Freddie and Fannie don't sound good to me.

Top recipients of Fannie/Freddie donations:

#1 Chris Dodd
#2 John Kerry
#3 Barack Obama
#4 HIllary Clinton

How do you get to be #3 of the top 25 when you've spent so little time in the Senate? Maybe he's been text messaging them while on the road running for President the last 2 years? Sen. McCain wasn’t listed in the report.