Bill Clinton was always able to pull off the “I’m just a great guy, looking out for you” persona, which wife Hillary is not nearly as good at doing. And you would think that eight years of experience with Bill and the history that it was not true would be send a clear message. But Clinton supporters, then and now, seem to completely overlook any damage done and any problems caused by either one of the Clintons. In the case of Bill, however, he started the economic ball rolling downhill, and eventually the entire nation will lay in pieces as soon as all the money printing an zero interest rates patchwork no longer works to keep us afloat, just as all of history has proven will come to pass.
Clinton repealed the Glass-Steagall Act in 1999, which for 66 years prevented banks from using insured deposits to take on the risk laden financial activities of Wall Street or to merge with those firms to do so. That helped created the environment for the collapse of Wall Street in 2008.
But Clinton also signed into law the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, which allowed bank holding companies to acquire banks anywhere in the nation, in essence setting up a much vaster opportunity for interstate banking. Then, the Commodity Futures Modernization Act of 2000 allowed trillions of dollars of OTC derivatives on Wall Street to escape regulation, with all three combining as a recipe for financial disaster.
Too big to fail set in motion, page 2:
Just like 90% of politician !!
Republicans. Bunch of self centered a holes
Mostly credit where it’s do on alot of things. And look at Chicago, Detroit and Baltimore for a few on what Democrats policies did to these once great cities.
We always find fault in what we don’t like. Like democrats!!
Q***r boy!
And most Americans think he was a great president due to the lift in the economy because of the dot.com bubble and loans to unqualified home borrowers that all started under his administration. All he succeeded in was getting hummers in the oval office. We are still paying for his mess and the additional disasters added by Barack Obama.
Built on a house of card dot Com bubble and mortgages required to unqualified borrowers. You can manipulate numbers to say anything you 2ant. I did it for a living.
Stephen Sas The sub prime collapse happened on Bush’s watch. There was ~$470 Billion in sub prime exposure in 2006 as compared to $60 Billion for Clinton when he left office.
Everyone who participated in the scam, banks, consumers and financial institutions all contributed to this disaster.
The investment banks buried the sub prime mortgages in other investment instruments and sold them.
The dot com bubble burst for other reasons, primarily overvaluation of public companies like Enron.
NO MORE DEMOCRATS
Both Republicans and Democrats are scared. Even Obummer is trying to tell us that we can’t vote for Trump because we are stupid. We are too stupid to handle a gun and too stupid to vote. It’s because we are not conforming to what the Establishment and Society is choosing for us. People can’t believe that the silent majority is finally standing up and choosing who WE want not who THEY want us to pick. They cannot control us and that’s why they are scared. They don’t want Trump because the Trump Train will stop the Gravy Train. Lots of power and money at stake. TRUMP is self funding..let’s look straight ahead and don’t get side tracked. We are making history. Next election won’t be as hard because people will know that we all have a choice. American land of the free to vote for whoever you want! We the people want and will vote for TRUMP 2016!