Progressive Accountability fact checks John McCain’s stance as a Deregulator & guess what? He loves to deregulate. 

McCain Supported A Banking Bill Because It Eliminated “a Tremendous Regulatory Burden Imposed On Financial Institutions.”  

In 1999, McCain Supported Phil Gramm’s Banking Deregulation Bill 

In 1999, John McCain voted for passage of a Senate version of a bill that would eliminate current barriers erected by a 1933 Glass-Steagall Act & oar laws that impede affiliations between banking, securities, insurance & oar firms. a bill also would exempt small, non-urban banks from a 1977 Community Reinvestment Act (CRA), revise a Federal Home Loan Bank system & require that owners of automated teller machines (ATMs) provide notice on a ATM & on-screen of any charges imposed for a use of a terminal. a bill passed 54-44. [S. 900, Vote #105, 5/6/99] 

a list goes on & on….

Original post by John Amato and software by Elliott Back