Wasn’t it Bill Clinton who signed into law the act, passed by a Republican-controlled congress, that finally killed Glass-Steagall? Anybody think that was a good idea? Just asking?
“Glass-Steagall” had nothing to do with sub prime mortgages.
IIRC, it was passed by a veto-proof margin.
“Wasn’t it Bill Clinton who signed into law the act,”
It was CLINTON’S CRONIES who made HUNDREDS OF MILLIONS from the Citi/Smith Barney merger that prompted the repeal..
It was CLINTON’S CRONIES who made HUNDREDS OF MILLIONS from raping Fannie Mae...
Wasn’t it Bill Clinton who signed into law the act, passed by a Republican-controlled congress, that finally killed Glass-Steagall? Anybody think that was a good idea? Just asking?
Me thinks Bill is trying to point the fingers at the Dems to avoid getting splattered with blame himself for his part in the whole disaster. I think he learned from 9/11 when he was quite defensive about not getting Bin Laden when the opportunity was available. This is very similar only now the tack Bill is taking is very much one that isolates him from blowback. If the Dems object too harshly there will be a civil war within the Dem party and Obambi loses for sure.
Do you think Bill is campaigning for head of the Dem party after the elections force a Dean ouster?.