Barnes Effort to Prevent this Financial Crisis was Overturned by Sonny Perdue

  Former Governor Roy Barnes saw this financial debacle coming and had the Georgia legislature pass a law to prevent it happening in Georgia. It held lenders accountable for their lending policies. Bill Shipp reports that K Street lobbyists in Washington tried to get Barnes not to do it, but they failed. In order to stop what Barnes was doing because it could have spread to other states, Wall Street bankers and K Street lobbyists poured money into the Sonny Perdue campaign. Once Perdue won the election, he saw that the Barnes’ law was dismantled.

  You can get the details by reading Shipp’s column. Just click on this link.

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One Response to “Barnes Effort to Prevent this Financial Crisis was Overturned by Sonny Perdue”

  1. Kurt Says:

    I remember that election. Voters cast their ballots based on the state flag non-issue and questionable criticisms of the efforts toward education reform.

    Thanks to Bill Shipp for bringing this to light. Of course, I don’t expect to hear any response from our current Governor.

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