Gasparino: Bubba & the housing bubble

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Gasparino: Bubba & the housing bubble

Gasparino: Bubba & the housing bubble

Special thanks to Gramm-Leach-Bliley, the 1999 law Clinton signed repealing the Depression-era Glass-Steagall Act that benefited the banks allowing them to gamble with their depositors‘ money that was held in affiliated commercial banks.

Result- One of the most damaging laws ever enacted.


NY POST-

Bill Clinton’s Democratic Convention speech tonight will no doubt be loaded with references to his great economic achievements as president, plus warnings that a vote for Mitt Romney will be a vote to return to the economic disaster of the Bush era.

In other words, Clinton won’t mention a whole bunch of inconvenient facts — about what brought the prosperity of the 1990s, and how he himself helped put America on the path to the 2008 financial crisis.

He’ll tell us that a vote for President Obama will bring back the glory days of the 1990s — but those days weren’t so great until Republicans won control of Congress in the 1994 elections. That’s when Clinton turned right, and joined the GOP to put a hold on spending and lower taxes — allowing the technology boom to sustain the US economy through the Clinton years.

[NEW YORK POST]

Signing of the Gramm-Leach-Bliley Act

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- who has written 8684 posts on FORECLOSURE FRAUD | by DinSFLA.

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2 Responses to “Gasparino: Bubba & the housing bubble”

  1. Sarah says:

    Wow, awful propaganda that has most of everything flat out wrong.
    (NY Post has always been good for fish wrapping, and starting campfires.)
    A superior one sentence rewrite:

    The 1999 Gramm-Leach-Bliley Financial Modernization Act was an effort, by both parties, to do what Wall Street paid them to do.

  2. marilyn lane says:

    Not only has Clinton screwed all those women
    he has screwed the Nation.

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