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To: Olog-hai

Repeal of G-S by Clinton directly led to the banking crisis of 2008.


6 posted on 07/20/2016 4:30:41 PM PDT by webstersII
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To: webstersII

Don’t just blame it on Clinton. Plenty of ‘conservatives’ and RINOs were controlling congress and deserve plenty of blame themselves.


12 posted on 07/20/2016 4:36:34 PM PDT by perfect_rovian_storm
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To: webstersII

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.


22 posted on 07/20/2016 4:53:09 PM PDT by Olog-hai
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To: webstersII

Interesting


24 posted on 07/20/2016 5:02:40 PM PDT by Sacajaweau
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To: webstersII

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


48 posted on 07/20/2016 8:04:54 PM PDT by Redwood71
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