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krabberkris

We need a REVOLUTION

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1 Nov , 1999 , William Jefferson Clinton signs into law the repeal of the Glass Steagall act of 1933 , a law written shortly after the Great Depression. This was the shot heard around the world and started the crisis.



Wherever you cut and pasted this from needs to be checked for accuracy.

On November 12, 1999, Bill Clinton signed the Gramm-Leach-Bliley Act which repealed provisions that prohibit a bank holding company from owning other financial companies.

See; http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act

It wasn't Clinton that started this crap. He couldn't have vetoed it if he had wanted to since it had passed by a Republican controlled Congress; Senate 90-8-1 and in the House: 362-57-15. It was veto proof.



Bull - he *could* have vetoed it and let Congress take the heat while they voted to overturn it. It may not have changed the end result, but it would have held Congress accountable in the public eye.
Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

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