It was during the Clinton years that lending restrictions were loosened up ridiculously that caused the mortgage and banking crisis of the last few years. Blame the administration or Congress if you want. They all worked together.DING DING DING!!!! Yes, repealing Glass-Steagall was a very bad proposal by the R congress and very bad signing by a D president who had line item veto authority.
I will concede that congress has more blame than any of the presidents for a lot of our problems. My trust in elected officials, particularly the career politicians, is very low. They are the true high dollar hotties of our nation - bought and paid for.
How do change an oligarchy? Originally Posted by J.G. Wentworth
You change it by voting out the bastard career politicians. If we did that every election cycle, we might actually start getting real people into the beltway and not these bought and paid for politicians.