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Blogging The West Virginia Primary | 27 comments (27 topical)

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I read the FT article last night (5.00 / 2) (#10)
by zyx on Sun Mar 30, 2008 at 02:46:55 PM EST
and thought about it some.  Yes, during Clinton's admin, banking was deregulated, especially in 1999 by the Gramm-Leach-Bliley Act, which was passed overwhelmingly, and which broke down barriers between investment banks and commercial banks, and which probably does have a good deal to do with the nasty pickle that we are in now with rotten mortgages.  BUT to lay that at Bill Clinton's feet exclusively is 1) a stretch and 2) nasty campaigning for a (D) and 3) overlooking a lot of misbehavior by a lot of people who are not Bill Clinton.

And 4) just disgusting, in my book.

I think there is a lot more to say, but the MSM sure isn't.


[ Parent ]

But there was the S & L's (5.00 / 1) (#15)
by BarnBabe on Sun Mar 30, 2008 at 03:24:22 PM EST
We all forget that the S & L bailout was under Bush Sr. That was when banks were failing and other banks became Super banks because of it. And one of GW's brothers was also involved. I look at my Income Tax forms in the 90's and I see making a very decent salary, my 401k and my Ameritrade account flourishing. We also had respect in this world and a President who was more popular when he made a mistake than one who is a saint. Why is that? Maybe because the middle class was given a fair chance and doing well didn't and care about the other stuff. That all ended with Bush 43.

[ Parent ]

Blogging The West Virginia Primary | 27 comments (27 topical)

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