General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDid Hillary agree with Bill's signing of the Gramm-Leach-Bliley Act in 1999?
As you may know from what Nobel-prize winning economists and others have told you, the Gramm-Leach-Billey Act signed by Bill Clinton was at the core of the financial crisis that affected us in the late 2008's.
Thinkprogress: "Economic experts say that Gramm and others are to blame for the current crisis that is shaking Wall Street.Link
Gramms successful effort to pass banking reform laws in 1999, which reduced decades-old regulations separating banking, insurance and brokerage activities, helped to create the current economic crisis.
As a result, the culture of investment banks was conveyed to commercial banks and everyone got involved in the high-risk gambling mentality. That mentality was core to the problem that were facing now, Stiglitz says."
I don't want to jump to conclusions and say that since Hillary was Bill's wife, then we have to automatically assume that she agreed and still agrees with Bill's signing that awful law. I am simply going to ask you guys to tell me if you have heard her speak against it in the past, in newspapers, TV or any other medium. This might be key in my decision to vote for her or another more progressive Democrat in the primaries. Thanks.
Cooley Hurd
(26,877 posts)(defined because I knew it by this name).
Good effing question!
Tierra_y_Libertad
(50,414 posts)hootinholler
(26,451 posts)Powell was not misled, he knew.
The misled thing is a cover story.
Tierra_y_Libertad
(50,414 posts)hrmjustin
(71,265 posts)whatchamacallit
(15,558 posts)"Besides, it's her turn"
Amak8
(142 posts)But Clinton offered a message that the collected plutocrats found reassuring, according to accounts offered by several attendees, declaring that the banker-bashing so popular within both political parties was unproductive and indeed foolish. Striking a soothing note on the global financial crisis, she told the audience, in effect: We all got into this mess together, and were all going to have to work together to get out of it. What the bankers heard her to say was just what they would hope for from a prospective presidential candidate: Beating up the finance industry isnt going to improve the economyit needs to stop. And indeed Goldmans Tim ONeill, who heads the banks asset management business, introduced Clinton by saying how courageous she was for speaking at the bank. (Brave, perhaps, but also well-compensated: Clintons minimum fee for paid remarks is $200,000).
Certainly, Clinton offered the money menand, yes, they are mostly menat Goldmans HQ a bit of a morale boost. It was like, Heres someone who doesnt want to vilify us but wants to get business back in the game, said an attendee. Like, maybe heres someone who can lead us out of the wilderness.
Read more: http://www.politico.com/magazine/story/2013/12/wall-street-white-house-republicans-lament-of-the-plutocrats-101047.html
DURHAM D
(32,989 posts)voted for it.
Otelo
(62 posts)As in his Iraq War vote. What's with him?
OKNancy
(41,832 posts)Otelo
(62 posts)Come again?
Rex
(65,616 posts)Nice try at GOP CYA and welcome (back) to DU.
Otelo
(62 posts)Oh no wait. Bashing a DU'er is more fun.
Say something about Stiglitz. And how is it a GOP talking point if the bill was supported almost 100% by GOP'ers, and I criticize their beloved bill?
jwirr
(39,215 posts)There were a lot of things like this bill that happened in the Clinton terms. Where does Hillary stand on things like trade agreements? Where does she stand on the question you asked? She needs to tell us who she is because she has been around for much of this.
