This man is a liar. An article in Regulation Magazine on the Clinton legacy in securities litigation begins: "The voluble Bill Clinton talked extensively about a lot of topics during his years in the Oval Office, but one topic he did not say much about was securities regulation. A Lexis-Nexis search on the terms 'Clinton' and 'securities regulation'reveals only 194 hits between 1992 and 2000, and most of those are generic references to administration policy rather than to statements on the subject by the president himself." (Regulation Magazine, Summer 2001 p. 52).
The truth is, the guy didn't care jack about securities regulation, except when the interests of trial lawyers were involved. He vetoed the 1995 bill revising standards for private securities lawsuits, but this veto was rejected overwhelmingly--and the override effort was led by Democrat Christopher Dodd, not by Republicans as Clinton asserts. As the Regulation article notes, Clinton also gave a speech in which he criticized California's effort to reverse the effects of the new law in California, but then a foolish consistency is the hobgoblin of small minds.
Clinton's historical revisionism is truly pathetic. In this same jeremaid he claims that his efforts to block the 95 bill were undermined by Harvey Pitt, the current SEC head. Clinton wants us to believe that Harvey Pitt was more powerful than he was as President? That's a pretty embarrasing self-revelation, dontcha think?
Thanks for the additional detail. This Clinton is a boy. He reminds me of a who child when caught yells, "Well, the other kid did it first!" ...He is a pathetic, miserable, self-absorbed child. Sadly, though, the media by and large allow him to lie with abandon. Without Fox News, Rush Limbaugh, etc, there is NO telling what this guy would be able to get away with.