Quote:
Originally Posted by Willravel
The Financial Services Modernization Act was Clinton, right? Was that due to the troubles he had late in his second term? I can't imagine a president that won because Bush couldn't fix the problems from S&L not vetoing something similar without good reason.
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It was initiated by the Republican Congress, led by Sen. Phil Gramm, who is now McCain's chief economic adviser...but, yes, Clinton shares the blame. It is also probably fair to say that Clinton was influenced by the Wall Street crowd around him, most notably Robert Rubin, his Sec. of Treasury