Bill Clinton, in the last days of his presidency, was blindsided into signing a bill that gutted the Glass Steagall Act, which served the country well since the 1930's. That set the stage for banks and financial houses to undertake all kinds of high risk instruments which eventually brought about the economic collapse of 2008. It cost taxpayers $750 billion to bail them out. No one was prosecuted. No one went to jail. Hillary has stated she would not reinstate Glass Steagall, but it is not clear why. Following the advice of her husband?
Sunday, December 20, 2015
CAUTION ADVISED
In the Dec. 19 Democratic debate, Hillary Clinton stated that she would rely on her husband in matters relating to the economy, “which he knows something about.”
Bill Clinton, in the last days of his presidency, was blindsided into signing a bill that gutted the Glass Steagall Act, which served the country well since the 1930's. That set the stage for banks and financial houses to undertake all kinds of high risk instruments which eventually brought about the economic collapse of 2008. It cost taxpayers $750 billion to bail them out. No one was prosecuted. No one went to jail. Hillary has stated she would not reinstate Glass Steagall, but it is not clear why. Following the advice of her husband?
Bill Clinton, in the last days of his presidency, was blindsided into signing a bill that gutted the Glass Steagall Act, which served the country well since the 1930's. That set the stage for banks and financial houses to undertake all kinds of high risk instruments which eventually brought about the economic collapse of 2008. It cost taxpayers $750 billion to bail them out. No one was prosecuted. No one went to jail. Hillary has stated she would not reinstate Glass Steagall, but it is not clear why. Following the advice of her husband?
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