Truthmatters
Diamond Member
- May 10, 2007
- 80,182
- 2,272
- 1,283
- Banned
- #41
Because the objective of the Republican party was to repeal the Glass Steagal Act of 1933.
Repubs made repeated efforts over the years to repeal this important piece of legislation.
And with Bill Clintons "help" they finally did it.
As to WHY Bush did nothing. He is/was a Republican. He wasn't gonna rain on their parade.
So you claim that Clinton KNEW ahead of time when they nogociated the broker rules in the GLBact that the Bush admin would refuse to fully implement it?
GO GET YOUR PROOF
Proof of what? That Clinton signed the legislation mentioned? That's easy. Try using Google. He definitely signed that legislation into law.
Did Bush KNOW he wasn't going to fully implement all provisions in the law. I have no fucking idea. And neither do you.
But I will say that Bush figured out he wasn't gonna do anything to jeopardize the fact that his big supporters in the banking and investment houses were making a KILLING.
You all have no idea how much money was being made during this period.
But what was the running away comment all about?
why are you saying Clinton is to blame when he insisted certain things be in the bill?
when was the last time the SEC held back rules for 8 years with NO explaination?
You see the republicans did Unprecidented things.
why do you pretend that is not true?