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Why did Bill Clinton deregulate the lending industry?


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----- Be Smart and Fiscally Correct Vote Jill Stein NOT Donald Trump! -----

 

Voting the ALEC RINO GOP aka TRUMP/DLC DINO’S AKA CLINTON CONSERVATIVE ticket represents:

24/7 SUPPORT FOR THE DEREGULATED LENDING INDUSTRY THAT BILL CLINTON PUSHED THROUGH!
24/7 support for the now fraudulent student loan industry
A 24/7 WAR FOR OIL CONTROL
A war on women
A war on the economy
A war on USA jobs
A war on voters rights
A war on public education
A war on medicare
A war on medicaid
A war on Social Security.
This war is being waged at federal and state levels of government as we speak.
Voter Suppression is a problem that some are suggesting is being effective. Don't underestimate these white collar criminals.
ALEC RINO Republicans and DLC DINOS want a one party system disguised as a two party system.
----- Be Smart and Fiscally Correct Vote Jill Stein NOT Donald Trump! -----
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Was it him or Barney Frank?

 

It was Bill and and three rino conservatives after all that kind of activity is very definitely conservative thinking.

 

In addition to Robert Rubin....... the big bank and federal reserve dude.

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BUMP FOR AMERICA!

 

WHY DOES THE MEDIA KEEP THE GREEN PARTY FROM THE NEWS? ARE THE THE TWO STATUS QUO PARTIES PAYING THE MEDIA OFF NOT TO CHALLENGE THE BIG TWO?

 

YOU KNOW THE TWO WHO FORCED THE LEAGUE OF WOMEN VOTERS FROM MANAGING THE PRESIDENTIAL DEBATE COMMISSION THEN CONVERTED IT TO A GOP/DEMO PRIVATE

CORPORATION !!! WHAT THE HELL !!!

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Conservatives backing Hillary Clinton tells voters that Hillary Clinton is much more conservative than she is pretending. Conservatives only back their own kind.

 

IS Trump paid to run against Hillary?

Jill Stein the activist grass roots presidential candidate is dealing with her activist misdemeanor according to her legal counsel.


Expanding the Debate: Jill Stein "Debates" Clinton & Trump in Democracy Now! Special - Part 1

Expanding the Debate: Jill Stein Spars with Clinton & Trump in Democracy Now! Special - Part 2
Jill Stein looks extremely healthy and quite handsome not to mention stately.
CtTHJcuWAAItih7.jpg
What’s Deplorable? This is Deplorable.

 

"Bill Clinton signed off on NAFTA, claiming it would create more and better jobs. He ended welfare as we knew it with "Welfare Reform". He escalated the "War on Drugs" and built multiple new prisons, creating the police state we have now ... And the world's leading rate of incarceration ... Disproportionately Black. Bill Clinton repealed Glass-Steagall, deregulating the banking industry, with disastrous results.

 

"During Bill's tenure, Hillary was his co-president. Having been fooled once, it's hard for some to believe what she's saying now. Will she improve the lot of the middle class by, for instance, declaring, once again, for the Trans-Pacific Partnership or will she be in favor of a heavy tax on outsourcing?

 

How much is Hillary spending to distract voters from her reckless behavior? I say a billion $$$$$. Good-bye 99% Hillary will not be working for the 99%

 

Will she help ordinary people by consolidating the "too big to fail" big banks even further? Will she provide second rate health care to all Americans by expanding the power of the insurance

industry?

 

CLINTON"s Pushing the Democrats To the RIGHT WING Philosophy.

 

http://www.truth-out.org/news/item/33869-hillary-clinton-s-ghosts-a-legacy-of-pushing-the-democratic-party-to-the-right

 

How the Koch brothers helped dismantle the Democratic Party

https://samsmitharchives.wordpress.com/2015/04/14/6467/

 

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Hillary will not be a good POTUS because she is a libertarian like the Koch boys and Bill and Donald which means more jobs will pay less,monopolies will grow and

the economy will continue to go straight to hell.

 

Taxpayers will be forced to bail out more corporations and big bank fuck ups. Lending institutions will continue to rape more victims because of Bill repealing Glass-Steagal.

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Barney Frank has never in charge of the country. Bill Clinton is a conservative who worked with conservatives to kill Glass-Steagall when in fact he could have used his VETO pen to stop the fucking disaster.

 

Bill and Hillary are very good at pulling off the DUPES of the century.

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Barney Frank has never in charge of the country. Bill Clinton is a conservative who worked with conservatives to kill Glass-Steagall when in fact he could have used his VETO pen to stop the fucking disaster.

 

Bill and Hillary are very good at pulling off the DUPES of the century.

Frank looked over Fannie and Freddie and passed on advice and information to superiors...

It was Bush Jr who deregulated Wall Street and gave the biggest tax breaks in history fuckin idiots.

You mean Wall Street?

 

Those terrible people that just gave Clinton how much for speeches?

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Big spenders BORROW big bucks to invest in Wall Street. Glass-STeagall went bye bye on Clinton's signature.

 

Wall Street deregulation, blamed for deepening the banking crisis, was aggressively pushed by advisers to Bill Clinton who have also been at the heart of current White House policy-making, according to newly disclosed documents from his presidential library.

The previously restricted papers reveal two separate attempts, in 1995 and 1997, to hurry Clinton into supporting a repeal of the Depression-era Glass Steagall Act and allow investment banks, insurers and retail banks to merge.

 

A Financial Services Modernization Act was passed by Congress in 1999, giving retrospective clearance to the 1998 merger of Citigroup and Travelers Group and unleashing a wave of Wall Street consolidation that was later blamed for forcing taxpayers to spend billions bailing out the enlarged banks after the sub-prime mortgage crisis.

 

The White House papers show only limited discussion of the risks of such deregulation, but include a private note which reveals that details of a deal with Citigroup to clear its merger in advance of the legislation were deleted from official documents, for fear of it leaking out.

 

 

Earlier, in February 1995, newly-appointed Treasury secretary Robert Rubin, his deputy Bo Cutter and senior advisers including John Podesta gave the president three days to decide whether to back a repeal of Glass-Steagall.

In what Cutter described as “an action forcing event”, he wrote to Clinton on 21 February, telling him Rubin wanted to announce the policy before it was raised by the House banking committee on 1 March.

 

 

“In order to position Secretary Rubin – rather than any of the regulators – as the Administration’s chief spokesman on this issue, the Secretary intends to discuss the Administration’s position at a speech which will be covered by the press in New York on 27 February,” wrote Cutter on 21 February.

“It is therefore necessary to have an agreed-upon Administration position by the end of the day on Friday, 24 February.”

 

Podesta, who was then staff secretary but went on to become Clinton’s chief of staff, wrote a covering note telling the president that all his senior advisers backed the plan, although he noted the danger that “allowing banks to engage in riskier activities like securities or insurance could subject the deposit insurance fund to added risk”.

 

 

But Clinton’s advisers repeatedly reassured him that the decision to let Wall Street dismantle regulatory barriers designed to protect the public after the Great Depression simply represented inevitable modernisation.

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----- Be Smart and Fiscally Correct Vote Jill Stein NOT Donald Trump! -----

 

Voting the ALEC RINO GOP aka TRUMP/DLC DINO’S AKA CLINTON CONSERVATIVE ticket represents:

24/7 SUPPORT FOR THE DEREGULATED LENDING INDUSTRY THAT BILL CLINTON PUSHED THROUGH!
24/7 support for the now fraudulent student loan industry
A 24/7 WAR FOR OIL CONTROL
A war on women
A war on the economy
A war on USA jobs
A war on voters rights
A war on public education
A war on medicare
A war on medicaid
A war on Social Security.
This war is being waged at federal and state levels of government as we speak.
Voter Suppression is a problem that some are suggesting is being effective. Don't underestimate these white collar criminals.
ALEC RINO Republicans and DLC DINOS want a one party system disguised as a two party system.
----- Be Smart and Fiscally Correct Vote Jill Stein NOT Donald Trump! -----

 

 

I didn't know that the president could make laws you fucking retards. I thought that was up to congress.

 

STFU liar.

Was it him or Barney Frank?

 

You dumb fuck... Barney Frank opposed deregulation of the banks but you CON SCUM love deregulation because you hate the rule of law.

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I didn't know that the president could make laws you fucking retards. I thought that was up to congress.

 

STFU liar.

 

You dumb fuck... Barney Frank opposed deregulation of the banks but you CON SCUM love deregulation because you hate the rule of law.

But that was under liberal leadership...

 

Do you realize that?

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Maybe the leadership duped the voters and was not liberal or moderate but evermore conservative?

 

Perhaps it's the conservatives furthering their campaign of smearing liberals?

 

Then again simply because one is not a conservative should not necessarily designate one as liberal. I vote for the best candidate not a party.

 

What Gramm-Leach-Bliley did was to allow commercial banks to get into investment banking. Commercial banks are the type that accept deposits and make loans such as mortgages; investment banks accept money for investment into stocks and commodities. In 1998, regulators had allowed Citicorp, a commercial bank, to acquire Traveler’s Group, an insurance company that was partly involved in investment banking, to form Citigroup.

 

Who chairs Citigroup? Bill Clinton friend Robert Rubin.

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Wall street had been trying to shit-can Glass-Steagal for decades.

 

Since they own the congress, and profits surged in the beginning, it all seemed like it was a brilliant thing to do.

 

Then the reality of greed set in and it all went to shit ... again.

 

Now we need to reinstate Glass-Steagal and reduce the power of the Fed Reserve Cartel.

 

Don't expect Hitlary to be interested.

 

 

 

kj

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But that was under liberal leadership...

 

Do you realize that?

 

You are full of shit. It was a Gingrich congress.

 

350px-GrammLeachBliley.jpg

Sen. Phil Gramm (R, Texas), Rep. Jim Leach (R, Iowa), and Rep. Thomas J. Bliley, Jr. (R, Virginia), the co-sponsors of the Gramm–Leach–Bliley Act. These Republican pecker heads sponsored the repeal of Glass Steagal.

 

Stop lying you POS! The bill had so much support that they could have overridden Clinton's veto.

 

Respective versions of the Financial Services Act were introduced in the U.S. Senate by Phil Gramm (Republican of Texas) and in the U.S. House of Representatives by Jim Leach (R-Iowa). The third lawmaker associated with the bill was Rep. Thomas J. Bliley, Jr. (R-Virginia), Chairman of the House Commerce Committee from 1995 to 2001.

During debate in the House of Representatives, Rep. John Dingell (Democrat of Michigan) argued that the bill would result in banks becoming "too big to fail." Dingell further argued that this would necessarily result in a bailout by the Federal Government.[8]

The House passed its version of the Financial Services Act of 1999 on July 1, 1999, by a bipartisan vote of 343–86 (Republicans 205–16; Democrats 138–69; Independent 0–1),[9][10][note 1] two months after the Senate had already passed its version of the bill on May 6 by a much-narrower 54–44 vote along basically-partisan lines (53 Republicans and 1 Democrat in favor; 44 Democrats opposed)

 

Die of a sunburn you filthy liar!

 

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