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Re: The Official Presidential Debate Thread (Round 2)
Quote:
Originally Posted by dmek25
they had it right. until someone decided it was time to DE regulate. thats what started the free fall. if you let the rats run wild, soon there will be no more cheese
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President Clinton didn't think de-regulation was a bad idea. This bill was signed on his watch.
from wiki: "Others have defended the Act and for actually making the crisis less severe than it would have been otherwise. President Clinton himself stated: "I don't see that signing that bill had anything to do with the current crisis. Indeed, one of the things that has helped stabilize the current situation as much as it has is the purchase of Merrill Lynch by Bank of America, which was much smoother than it would have been if I hadn't signed that bill. On the Glass-Steagall thing, like I said, if you could demonstrate to me that it was a mistake, I'd be glad to look at the evidence."
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