Quote:
Originally Posted by Yssup Rider
Well put.
Unfortunately, google searches don’t come with a bullshitometer, and some posters don’t particularly care where they get the info they post here, just so they’re blastin 0zombies.
The point is that we faced the worst financial crisis since the Great Depression as a result of the Bush administration, and like Clinton did eight years earlier, Obama led us back to prosperity. It’s continued under Trump, but not because of his leadership.
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BAHHAHHAAAAAAA
Clinton lit the fuse by repealing Glass-Steagall ... but you
knew that, right?
https://www.forbes.com/sites/stevede.../#19fe148f92f1
In 1998, banks got the green light to gamble: The Glass-Steagall legislation, which separated regular banks and investment banks was repealed in 1998. This allowed banks, whose deposits were guaranteed by the FDIC, i.e. the government, to engage in highly risky business.
There's more to it of course .. but what's at the TOP of the bullet list ?
