Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Dem2

(8,168 posts)
11. You had me until "until those reforms were dismantled under Clinton and his successors. "
Sat May 21, 2016, 02:31 PM
May 2016

This is simply untrue.


Bill Clinton: Glass-Steagall repeal had nothing to do with financial crisis

By focusing on the bill that officially repealed Glass-Steagall, Clinton's statement ignores the fact that the demise of Glass-Steagall took place over decades, amid a deregulatory push in which the Clinton administration played a role. By the time the law to repeal hit his desk, Glass-Steagall had been whittled down so much that it wasn’t very meaningful. It's a matter of debate how much of a role the overall demise of Glass-Steagall had in causing the financial crisis, but we couldn't find any economists who argue that the regulation was the sole linchpin keeping the financial system stable until its official repeal in 1999. Overall, we rate Clinton’s claim Mostly True.

http://www.politifact.com/truth-o-meter/statements/2015/aug/19/bill-clinton/bill-clinton-glass-steagall-had-nothing-do-financi/


Blaming the current state of affairs on Bill Clinton is not only old, stale politics, but it's just not provable.
Cliffs? nt firebrand80 May 2016 #1
... opiate69 May 2016 #48
+1 dchill May 2016 #59
This message was self-deleted by its author artislife May 2016 #87
What the hell is that poster talking about, please? nt ChisolmTrailDem May 2016 #140
This message was self-deleted by its author artislife May 2016 #142
And I completely support you in your effort. But what did firebrand80 mean by "Cliffs?"? ChisolmTrailDem May 2016 #143
This message was self-deleted by its author artislife May 2016 #145
I think it was a "tl;dr" comment Warren DeMontague May 2016 #153
This message was self-deleted by its author artislife May 2016 #155
No, not hideable, I don't think. It's just internet-speak for "too long, didn't read" Warren DeMontague May 2016 #157
This message was self-deleted by its author artislife May 2016 #158
What the fuck does this mean? nt ChisolmTrailDem May 2016 #139
I vigorously disagree with this assertion. Zynx May 2016 #2
So why does income inequaiity keep accelerating? nt mhatrw May 2016 #6
It's doing it in spite of Obama's policies, not because of them. Zynx May 2016 #7
Increase in taxes not enough. So much so long taken, takes more to get it back. snowy owl May 2016 #49
You make a great argument... ljm2002 May 2016 #12
^^This^^ passiveporcupine May 2016 #45
Nope, we wouldnt get that under Bernie because the GOP House wouldn't take up any of his bills. stevenleser May 2016 #58
It must suck to define your democratic politics by what Republicans will "allow" Scootaloo May 2016 #73
The only Hillary bills the GOP House will take up will be for the 1% TransitJohn May 2016 #129
The FED's providing of easy credit to the big banks was also a part of the stimulus. jonestonesusa May 2016 #83
that quote at the beginning reminds me so much of Yglesias: "if they didn't want to MisterP May 2016 #3
or just, "let them eat cake." snot May 2016 #98
Kick. Rec. nt IdaBriggs May 2016 #4
K&R Many people are in your same boat felix_numinous May 2016 #5
ditto litlbilly May 2016 #9
thank you! snot May 2016 #99
Everybody's voice felix_numinous May 2016 #141
First hugs nadinbrzezinski May 2016 #8
That's pretty scary. dchill May 2016 #62
Those who make peaceful revolution impossible AgerolanAmerican May 2016 #113
thank you, dear. snot May 2016 #100
This explains it all Urchin May 2016 #10
This message was self-deleted by its author carolinayellowdog May 2016 #15
Glad you liked it--everyone should see that video. Urchin May 2016 #16
thanks for posting this passiveporcupine May 2016 #46
You had me until "until those reforms were dismantled under Clinton and his successors. " Dem2 May 2016 #11
Deregulation?! DianaForRussFeingold May 2016 #19
Bernie's judgment has been spot on every single time. senz May 2016 #35
You and millions of others. Unfortunately, HRC has the DNC and lots of $$$$ and connections vintx May 2016 #37
This is the time to fight on in any way we can. senz May 2016 #40
Thanks. too many people uninformed. Think one article tells all. Big problem. snowy owl May 2016 #53
Commodities Futures Modernization Act -- look it up nashville_brook May 2016 #22
Look up of CFMA - Good point. PufPuf23 May 2016 #55
If Glass-Steagall had been "whittled down" to meaningless, the correct response was PufPuf23 May 2016 #41
That is correct Dem2 May 2016 #43
He should have been enforcing what he had and tried for more. Same with anti-trust. snowy owl May 2016 #54
Clinton's claim that it had "nothing" to do with the collapse is just wrong passiveporcupine May 2016 #47
Not about chipping away but about enforcement. As long as on books, enforcement matters. snowy owl May 2016 #52
It's both. snot May 2016 #101
From the same article: "Clinton’s hands aren’t clean of the financial crisis" andym May 2016 #91
Righteous rant! riderinthestorm May 2016 #13
thank you! snot May 2016 #102
I'm so sorry for all your troubles. grossproffit May 2016 #14
Are you "sorry" for similar "troubles" of millions of Americans? senz May 2016 #21
Sh*t that ain't half of it. snot May 2016 #103
Thank You for this thoughtful, well written post. KoKo May 2016 #17
thank you, dear! snot May 2016 #104
Someone here on Du said that? SwampG8r May 2016 #18
i've been thinking about this a lot lately... nashville_brook May 2016 #25
You sound like someone fooled by a book "Megatrends" (Naisbett) pubished in 70s. I was not. snowy owl May 2016 #61
i was so young, and yes! i didn't have the life experience to distill that nashville_brook May 2016 #135
That's life. :) snowy owl May 2016 #149
This message was self-deleted by its author artislife May 2016 #88
here's a fantastic article i just read this morning on this! -- Matt Bruenig nashville_brook May 2016 #136
This message was self-deleted by its author artislife May 2016 #138
Plus, it isn't just whites left to bootstraps without boots or straps. TheKentuckian May 2016 #147
economics unites us, and identity gets used to silo us. nashville_brook May 2016 #148
yours is one of the loveliest posts I've seen in a long time. snot May 2016 #105
This message was self-deleted by its author Live and Learn May 2016 #110
There is a lot of far right thought at du these days. "Free stuff, paying for trumps kids college, Doctor_J May 2016 #31
Im astounded ... When i signed up in 2007 SwampG8r May 2016 #32
Interesting story; thanks! snot May 2016 #107
YES. snot May 2016 #106
Not done reading but want to K&R now. senz May 2016 #20
thank you so much but snot May 2016 #108
K&R Love This! Bookmarked DianaForRussFeingold May 2016 #23
thank you!!! snot May 2016 #109
good "rant," although I think it deserves more of nashville_brook May 2016 #24
thank you!!! snot May 2016 #111
This is a story played over and over in many households. Thinkingabout May 2016 #26
Obama left $350M on table meant to go to homeowners. Transition-he didn't want to make decision. snowy owl May 2016 #64
Since the regulations was not present what would you charge them? Thinkingabout May 2016 #68
your post makes no sense. All he had to do was give the okay. snowy owl May 2016 #96
The okay for what, there has to be a reason to arrest people, what is the reason to arrest them? Thinkingabout May 2016 #97
Investigate first, then charge fraud at the highest levels the evidence supports. snot May 2016 #114
There has to be at the time of the occurrences a regulation, law against Thinkingabout May 2016 #127
There are laws against fraud in general, and there is not one doubt in my mind that fraud occurred snot May 2016 #159
If the regulations was not in place at the time of the occurrence then the person can not Thinkingabout May 2016 #160
Fraud was illegal before Dodd-Frank. snot May 2016 #162
This message was self-deleted by its author snot May 2016 #161
Why should banks lend into the real economy and create good jobs Califonz May 2016 #27
This is a great rant and I'm a Hillary supporter underthematrix May 2016 #28
Disagree. Enforcing Anti-Trust more important. And high taxes again on mega-rich. snowy owl May 2016 #66
Yes it is important but creating a change environment means underthematrix May 2016 #75
Those are examples of ways to address kitchen table concerns. What else? Wave a wand? snowy owl May 2016 #77
You're angry and I want you to enjoy yourself. So have at it. underthematrix May 2016 #80
Reactive aren't you? I'm not angry. Kitchen table sounds simple but it isn't. snowy owl May 2016 #93
Actually it takes emotional intelligence underthematrix May 2016 #124
Yes. snot May 2016 #116
I'd like to say, snot May 2016 #115
Thank you. elleng May 2016 #29
thank you, too. snot May 2016 #117
And we mock the Republicans for voting against their self-interest. Thanks, snot. I can relate. nt antigop May 2016 #30
thanks! snot May 2016 #118
Too long. barrow-wight May 2016 #33
Would you prefer the Reader's Digest version? snowy owl May 2016 #70
This message was self-deleted by its author artislife May 2016 #89
bulleted list would be nice. barrow-wight May 2016 #121
Excellent, excellent, excellent. senz May 2016 #34
THANK YOU! snot May 2016 #119
Thank You. bvar22 May 2016 #36
No it is not by accident, and LIP SERVICE is NOT ENOUGH. nt vintx May 2016 #39
You've got some great stuff there passiveporcupine May 2016 #50
GOOD CATCH! I noticed it too People are so uninformed. Wall Street corrupt. snowy owl May 2016 #69
We have a corrupt plutonomy and the Clintons are a party to it... Agony May 2016 #84
This message was self-deleted by its author artislife May 2016 #90
THANK YOU! And, exactly. snot May 2016 #120
Kicked and recommended! nt Enthusiast May 2016 #38
I hear you Snot and find myself in similar situation age 63. Testify. eom rec PufPuf23 May 2016 #42
I could have written your OP, except we had children and I was unemployable after 08 Autumn May 2016 #44
Voices of experience. Let us not forget the damage that has been done by Clintonian triangulation. highprincipleswork May 2016 #51
Gladly recommended. One of the very best posts I have read on DU. guillaumeb May 2016 #56
Thank you - 840high May 2016 #57
Great post. CharlotteVale May 2016 #60
K&R dchill May 2016 #63
I sympathize with your situation and disagree with your last eight paragraphs stevenleser May 2016 #65
That is incorrect. The electorate wants outsiders; they are ready to vote for them. Not so, 2008. snowy owl May 2016 #71
No they don't. Bernie is losing and the GOP field was weak and didn't go after Trump early enough. stevenleser May 2016 #74
Bernie entered late without name recognition. 2008 very different. snowy owl May 2016 #76
All that doesnt change the fact that in a year where there is a movement for change, it prevails. stevenleser May 2016 #79
Have your opinion but you're wrong. Looking at it through Clinton eyes. Loyalty. snowy owl May 2016 #95
I answered but you chose to ignore. snowy owl May 2016 #94
Here's where I disagree: snot May 2016 #122
Kicked and recommended. Uncle Joe May 2016 #67
Exactly as I've experienced as well. Saving post and passing it around. snowy owl May 2016 #72
You have eloquently captured how so many of us feel. emsimon33 May 2016 #78
Bernie gave voice to the problems that many face The_Casual_Observer May 2016 #81
Thank you. Xyzse May 2016 #82
thanks Attorney in Texas May 2016 #85
big K and R! bbgrunt May 2016 #86
That is one of the best OPs I have ever read here. liberal_at_heart May 2016 #92
K&R Thanks for an excellent post. nt Live and Learn May 2016 #112
Um, snot May 2016 #123
Excellent rant. nt DLevine May 2016 #125
Your post might be more important Demsrule86 May 2016 #126
This might be one of the shittiest posts I've seen at DU in awhile EvolveOrConvolve May 2016 #130
The sddest part of it Bettie May 2016 #137
It is a truthful post Demsrule86 May 2016 #146
You should rant more often!!! Dustlawyer May 2016 #128
That's about the size of it. SusanCalvin May 2016 #131
Recommended. Nothing but the truth. mmonk May 2016 #132
A well-crafted picture of the reality for many people. tom-servo May 2016 #133
Well written and nicely supported arguments jimlup May 2016 #134
Brilliant! mac56 May 2016 #144
A while back if Sanders were a woman, was as qualified as Hillary, and I thought he could win, i kerry-is-my-prez May 2016 #150
He never had a chance with you. tazkcmo May 2016 #152
Thanks For Supporting BERNIE... Thanks For THIS POST! n/t ChiciB1 May 2016 #151
Absolutely awesome "rant"/post. We stand with you on 7wo7rees May 2016 #154
K&R for one of the most relevant posts on this site. senz May 2016 #156
Latest Discussions»Retired Forums»2016 Postmortem»From a Bernie supporter t...»Reply #11