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Thread: William Clinton's lies
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09-07-2012 #1
William Clinton's lies
Oh, wait...there aren't many!
http://www.classwarfareexists.com/np...#ixzz25k7tyEe5
William Escalade is no more. He's done his service to the site.
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09-08-2012 #2
Re: William Clinton's lies
WHEW!!!
For a second there Willie, I thought you might have caught "knee" disease.
"You can pick your friends & you can pick your nose, but you can't wipe your friends off on your saddle."
~ Kinky Friedman ~
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09-08-2012 #3
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Re: William Clinton's lies
In spite of giving an eloquent, witty speech, Mr Clinton as expected replayed his successes (minus the Israel-Palestine treaty) and conveniently forgot his errors: he did not own up to his role in the repeal of the Glass-Steagall Act, or the promotion of 'two strikes and you're out' as a just response to repeat offenders -some of whom -many of whom?- can no longer vote in some states...he wasn't perfect, neither then nor now.
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09-08-2012 #4
Re: William Clinton's lies
It's 3 strikes.
& of course he's not going to do mea culpas in his convention speech. WTF?
"You can pick your friends & you can pick your nose, but you can't wipe your friends off on your saddle."
~ Kinky Friedman ~
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09-08-2012 #5
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09-12-2012 #6
Re: William Clinton's lies
The "Gramm-Leach-Bliley Act", which repeal provisions of the earlier act passed unanimously in 1999. So Clinton would not have been able to veto it, even if he wanted to. But from what I have read, the Graham, etc act was placed at the end of a 1,200 appropiation bill submitted like tow days before Congress's Christmas break. The implication was that it was slipped in, where not a lot of Congress people understood what was happening.
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09-12-2012 #7
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Re: William Clinton's lies
Congress had been debating financial deregulation for decades, it was not a new topic -Clinton did not veto Gramm-Leach-Biley because he didn't want to, because he suppported its provisions as did his closest advisors -Robert Rubin and Alan Greenspan for example. Clinton also supported the 1995 Community Reinvestment Act which made home loans from banks accessible to low-income neighbourhoods, while Gramm's 2000 Commodity Futures Modernisation Act exempted credit default swaps from regulation.
It was part of the combination of economic growth and financial deregulation that was common at the time and which was credited with the 'feel-good' factor of the 1990s, and as the link also points out, lifted restriction in the USA that were not in place in Europe. Whether or not it is 'Clinton's fault' that the banking sector almost collapsed in 2008 is still a matter of conjecture, as is the role played by derivatives, but one cannot argue that Clinton acted as if he had no choice in 1999 -he made an informed choice, as did those Democrats and Republicans who voted for change.
cf
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