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.
Signing of the Gramm-Leach-Bliley Act
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
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.
Not only has Clinton screwed all those women
he has screwed the Nation.