Repeal of G-S by Clinton directly led to the banking crisis of 2008.
Don’t just blame it on Clinton. Plenty of ‘conservatives’ and RINOs were controlling congress and deserve plenty of blame themselves.
The European Central Bank is not affected by the existence or lack thereof of Glass-Steagall; its manipulation of interest rates is one of the unspoken direct causes of the 2008 crisis.
Interesting
Good call. It was part of it and the rest of it was the manipulation of the bailout procedures in place like Freddie and Fannie by Chris Dodd and Barney Frank after the cork was out of the bottle with the minority forced home loans.
red