The repeal of Glass Stengal was the direct result of Republican efforts. Just like NAFTA, you freakin right whiners never accept blame for the sh*t your own party does.<quoted text>It had nothing to do with being forced, it had to do with regulation. You are clueless, Countrywide was bought by Bank of America, and not just because. Ameriquest was hit by a government fine of over $325 million. Five banks just settled for over 2 billion dollars..
It was Bill Clinton who signed the repeal of the Glass-Steagall Act. He was the president and the Dems controlled the senate.
Bill Clinton having a balanced budget had nothing to do with the financial economic train wreck that he started. If banks are loaning money, milking Wall Street investors that creates short term taxes to enable the balancing of the budget.
I won't disparage the president, Obama by calling him a chimp, but he has caused a bigger federal deficit than all the presidents combined.
Also, Obamacare is simply Hilarycare and that was the payoff for her support.
I will give you one point, because I could not think of the Glass-Steagall Act and did not want to look it up.
Black Pope 15
The Graham, Bailey Leach Act repealed it. All three were Republicans. Clinton signed the bill as a compromise. Republicans got their repeal.
The debt was 10,8 trillion when Obama took office.
Now, I don't know where (if?) you went top school, but the debt today is not 21.6 trillion so how the f*ck did Obama add more than all Presidents combined.
You are just another dumbass right whiner who doesn't know shj*t but the lies put out by your heroes Rush Limbaugh, Glenn Beck & Fox news.