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In reply to the discussion: Bernie Sanders Argues He's Not 'Harming' Democratic Party by Staying in the Race [View all]AntiBank
(1,339 posts)Hint, its the pillar of what makes all the nations here in the Nordic (I have lived in Sweden for a decade) so wonderful to live in at almost all social levels.
As for destroying the country, I cant think of things that have done more to destroy it than NAFTA, the repeal of Glass Steagall and the odious Commodity Futures Modernization Act of 2000, all of which were rammed down our throats by Bill Clinton, the Rethugs, and in the case of the Commodity Futures Modernization Act of 2000, Hillary's very own chief economic advisor Gary Gensler, the former Goldman Sachs banker.
Hillary Blames Bernie for an Old Clintonite Hustle, and Thats a Rotten Shame
http://www.commondreams.org/views/2016/01/19/hillary-blames-bernie-old-clintonite-hustle-and-thats-rotten-shame
The Clintons have no shame, that much you can count on. That stupefying arrogance was on full display in the most recent presidential campaign debate when Hillary Clinton countered Bernie Sanders charge that she was compromised by her close ties to Goldman Sachs and other rapacious Wall Street interests with the retort: Sen. Sanders, youre the only one on this stage that voted to deregulate the financial markets in 2000, ... to make the SEC and the Commodity Futures Trading Commission no longer able to regulate swaps and derivatives, which were one of the main causes of the collapse in 08.
Hillary knows that the disastrous legislation, the Commodity Futures Modernization Act (CFMA), had nothing to do with Sanders and everything to do with then-President Bill Clinton, who devoted his presidency to sucking up to Wall Street. Clinton signed this bill into law as a lame-duck president, ensuring his wife would have massive Wall Street contributions for her Senate run.
Sanders, like the rest of Congress, was blackmailed into voting for the bill because it was tucked into omnibus legislation needed to keep the government operating. Only libertarian Ron Paul and three other House members had the guts to cast a nay vote. The measure freeing Wall Street firms from regulation was inserted at the last moment in a deal between President Clinton and Senate Banking Committee Chairman Phil Gramm, R-Texas, who had failed in an earlier attempt to get the measure enacted. Clinton signed it into law a month before leaving office.
Sanders soon figured out that he and almost all other Congress members had been tricked into providing a blank check for the marketing of bogus collateralized debt obligations and credit default swaps made legal by the legislation, of which a key author was Gary Gensler, the former Goldman Sachs partner recruited by Clinton to be undersecretary of the treasury.
Eight years later, when President Obama nominated Gensler to head the Commodity Futures Trading Commission, it was Sanders who put a temporary hold on the nomination, stating: Mr. Gensler worked with Sen. Phil Gramm and [former U.S. Federal Reserve Chairman] Alan Greenspan to exempt credit default swaps from regulation, which led to the collapse of AIG and has resulted in the largest taxpayer bailout in U.S. history.
Today, Gensler is the top economic adviser to Hillary Clintons presidential campaign. And the CFMAkey legislation that was one of the main causes of the collapse in 08, enabling the great recessionis an enormous embarrassment that her husband on occasion reluctantly has conceded was drafted by his top aides and signed into law by him with great enthusiasm.