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Old 01-23-2017, 03:04 PM   #10 (permalink)
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Join Date: Oct 2014
Location: SoCal by way of Boston
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Originally Posted by elphenor View Post
This is all true but let's not forget that Bill Clinton signed the repeal of Glass Steagall the most important regulation on banks that we still haven't fully gotten back

It's really a question of whether Bill is an idiot, or he was bought, he doesn't get off the hook for having a D next to his name
Agreed.

https://en.wikipedia.org/wiki/Declin...93Steagall_Act

Thing is that Glass Steagall had been getting chipped away at for decades. By the mid 90s you had many arguing that a full repeal would actually be in the best interest of consumers. Maybe those who wanted it kept on the books didn't make a good enough case.
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Last edited by Chula Vista; 01-23-2017 at 03:09 PM.
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