http://hosted.ap.org/dynamic/stories/D/DEBATE_FACT_CHECK?SITE=WTHRELN&SECTION=POLITICS&TEMPLATE=DEFAULTCalvin Woodward gave a fact-check about the vice-presidential debate, only Woodward had his facts wrong.
He wrote:
"THE FACTS: Biden voted for 1999 deregulation that liberal groups are blaming for part of the financial crisis today. The law allowed Wall Street investment banks to create the kind of mortgage-related securities at the core of the problem now."
Woodward's "facts" are wrong. It is simply not true.
The Gramm-Leach-Bliley Act passed 54-44, down party lines. Senator Joe Biden voted "Nay."
http://www.govtrack.us/congress/vote.xpd?vote=s1999-105Mr. Woodward is referring to a second act, which merely averred that the differences between the House and Senate versions of the Gramm-Leach-Bliley Act had been reconciled.
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