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Forum Post: The lawmaker most responsible for Deregulating Wall Street (besides Clinton)--A four minute History Lesson

Posted 12 years ago on Oct. 27, 2011, 5:15 p.m. EST by Howtodoit (1232)
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Think about where we are now, it all started in 1999 with lawmakers like Senator Phil Gramm who helped create legal gambling casinos for our banks: CNN's The Ten Most Responsible for Economy Collapse: http://www.youtube.com/watch?v=gKQOxr2wBZQ&feature=related

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7 Comments


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[-] 1 points by reddy2 (256) 12 years ago
[-] 1 points by Howtodoit (1232) 12 years ago

thanks for this reddy2, very interesting, watching it now...

[-] 1 points by Howtodoit (1232) 12 years ago

to start with, all should watch this first

[-] 1 points by Howtodoit (1232) 12 years ago

your right, Clinton is really the most responsible!

[-] 1 points by 666isMONEY (348) 12 years ago

yeah, and Bill Clinton signed the Commodity Futures Modernization act a few days before his term ended. Clinton says repealing Glass-Steagall did not harm the economy.

http://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act#Defense

See also what I wrote here: http://www.flickr.com/photos/666_is_money/3187334305/

[-] 1 points by Howtodoit (1232) 12 years ago

please take a quick history lesson so this doesn't happen again