Written in 1993, so he has been running the show since that time. LOL
Were I not so concerned about you spreading disinformation to some unsuspecting readers that might happen upon your ignorance, I’d simply not respond anymore, but I am concerned for those whom might actually believe your blockheaded perspective.
You’re dead wrong on this. The derivatives were not the instigating problem, they were an incidental to the CRA legislation of which Clinton used to expand upon the base thereof, and force not only the Banks as legislated by the CRA, but also the Mortgage Industry as well.
You should read entirely the article I presented you the link to. You will see the groundwork set for what happened, and you will see how relevant the article of this thread is.
Your persistance in persuing the derivatives indicates you haven’t really paid the attention due to this tragedy at the hands of Carter, Clinton, Frank, and other Democrats whom fought successfully any Republican attempts to reform that legislation including the President of the United States whom brought up the matter several occasions.
The Democrats flat out stated there was no problem and balked at any reform whatsoever. It’s the Democrats stupid.