Trump cheats at golf - the ONE and ONLY politics thread

Glass-Steagall had been whittled away to little or nothing by the time of its repeal and it didn't cover many of the big institutions involved in the sub-prime crisis, anyway. The reinterpretation of Section 20 in 1987 opened a loophole that regulators allowed to get bigger and bigger and eventually rendered the law basically meaningless.

If you really want a culprit, I suggest you look at Alan Greenspan.

 

Let's throw in the commodities modernization act for good measure. It was like adding fuel to fire that started with glass stegal

 

No, but you're insulting all of us who can't hit a curveball.

 

All 44 Democrats in the Senate voted against the Graham-Leach-Bliley Act. 53 out of 54 Republicans in the Senate voted for it.

205 of 221 Republicans in the House voted for it. 138 of 207 Democrats voted for it.

So no, Bill does not get full blame for the repeal. Republican get a good amount.

If anything, it shows that there actually was willingness of Clinton and nearly 2/3 of House Democrats to work with the Republicans. How much bipartisanship have we seen from the GOP when it comes to working with Obama?

 

Vegetarian party?

 

The signature on the bill is Clinton's.

 

It's almost as though he doesn't get the benefit of the doubt after being an asshole all his life.

 

And yet again, it had to do with deregulation, which is a Republican mantra.

Oh, and the Violent Crime Control and Law Enforcement Act that you blamed on Clinton? It passed by a voice vote in the House, and only 4 out of 99 Senators before Clinton's signature. About as bipartisan as it can get.

 

"Starman" would have been a good choice, too.

 

Again no one held a gun to his head to sign those bills. Perhaps he felt compromised and was trying to salvage a legacy

 

Baron, I've acknowledged that GW Bush was a horrible president who will have to answer to his maker for thousands of unnecessary deaths.

Can you admit that Hillary screwed up by voting for the Iraq war, or will you simply continue to make excuses and allowances for her?

 

CFMA passed with a veto-proof majority as I recall, but Clinton didn't fight it. The deregulation lobby won and pretty clearly Greenspan, Summers and Rubin were sitting on that side of the table. Brooksly Born, who eventually resigned, was the only person in the administration fighting very hard for regulation of the derivatives markets.