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The Great Deregulator.

By Robert Scheer.
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Bill Clinton bears as much responsibility as any politician for the worst economic crisis since the Great Depression, and the wild applause for his disingenuous speech at the Democratic National Convention last week is a sure sign of the poverty of what passes for progressive politics.

Do those convention delegates, and the fawning media that were wowed by the former president's rhetorical seductions, not recall that just before he left office Clinton signed off on the game-changing legislation that ended the sensible rules imposed on Wall Street during the Great Depression? It was Clinton who cooperated with the Republicans in reversing the legacy of FDR's New Deal, opening the floodgates of unfettered avarice that almost drowned the world's economy during the reign of George W. Bush.

How convenient to ignore the Financial Services Modernizat

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Added: Sep-25-2012 Occurred On: Sep-25-2012
By: God_Himself
In:
Politics
Tags: Barack Obama, Bill Clinton, Mitt Romney, Financial Crisis, The Bailouts, Democrats, Politics, Republicans, 2012 Republican Convention, 2012 Democratic National Convention, Clinton Speech, Glass-Steagall Act, Obama Geithner, Obama Wall Street
Location: United States (load item map)
Views: 1480 | Comments: 15 | Votes: 2 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • This is why I laugh when I see the Dems tote Clinton like he's some kind of success story. He paved the way for the economic meltdown we're all experiencing today.

    Posted Sep-25-2012 By 

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  • Bill Clinton can never be trusted as being honest.

    Lewinsky says ... where did you leave that Cigar?

    Posted Sep-25-2012 By 

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    • @TEX
      1999 called they want their joke back

      Posted Sep-25-2012 By 

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    • @briin79
      1999 ,, joke back,,,Yaaah yah yah...
      but Clinton is Speaking to the Nation NOW!!!

      R Ya gonna Believe and or trust a Clinton?
      Answer up..!
      I, LL and the rest of the world, are waiting for you to post your answer of: yes or no.

      no flag.... shame of your home land,,, gawd that must really suk.. Mexico? France? anywhere in the Middle east?
      Never mind... (Hey LL.. he one of them people from Nodd)

      Posted Sep-26-2012 By 

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  • A Clinton "dig" and a Romney "bashfest" all in the same article.

    Posted Sep-25-2012 By 

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  • Slime oozes from this guy, it always has.

    Posted Sep-25-2012 By 

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  • Deregulation? Spoken like a true fascist!
    Democrats FORCING banks to lend to people who couldn't pay them back IS what caused the subprime mortgage meltdown

    Posted Sep-25-2012 By 

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  • Someone just watched the movie
    "inside job"

    Posted Sep-25-2012 By 

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  • Somebody gets it. Now how do you tell the Democrat voters what it should mean?

    Posted Sep-25-2012 By 

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  • I have to agree with that. Clinton's big mistake was retaining greenspan. But there's plenty of blame to go around. The legislators also failed. I recall the 90's when my fax machine would be full of faxes from mortgage companies. Everyone knew it was a scam back then, yet it was allowed to continue and work it's way up the food chain.

    Posted Sep-26-2012 By 

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  • This article is total and utter bullshit. It goes against all logic. King George Fucked us all.

    Posted Sep-25-2012 By 

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    • @LifeinPictures

      Clinton did end the Glass-Steagall law in his last few weeks as president and that opened the doors for all the banking shenanigans that happened under Bush.
      Bush did contribute with the tax cuts and the two wars on the credit card but Clinton has to share the blame...


      .

      Posted Sep-25-2012 By 

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  • He obliterated the debt of the gouvernment, Bush senior helped creating. After Clinton, Bush Junior started several expensive wars (ofcourse his friends in the weapons industry would benefit, on behalf of the taxpayers who were not able to avoid paying them). Obama inheirited this shit.

    Will Romney clean up this mess ? Guess..

    Posted Sep-25-2012 By 

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  • dregulation did not cause the meltdown, people defaulting on their mortgages did. You can blame the banks for their lax lending policy, but the standard was set by Freddie and Fannie.

    Posted Sep-25-2012 By 

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