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View Diary: I called my wife and said, ‘Get $30,000 in cash out of the bank today.’ (93 comments)

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  •  Sorry, the financial crisis was aided by Clinton (3+ / 0-)
    Recommended by:
    hungrycoyote, lgmcp, pat bunny

    His signing the repal of Glass-Stegall remove the firewall between the investment banks and the commercial/deposit banks. That is why we faced near catastrophe. Because the imploding casino style investment banks going tits up because of the housing bubble bursting threatened to take down ALL banking. That is why Paulson went to beg Pelosi.

    cheers,

    Mitch Gore

    Want to end too big to fail banks? Then move your money and they will no longer be too big.

    by Lestatdelc on Tue Oct 02, 2012 at 08:50:15 AM PDT

    [ Parent ]

    •  Nonetheless (2+ / 0-)
      Recommended by:
      hungrycoyote, elwior

      both the stock market and the national debt were in markedly better health during Clinton's tenure.  Now just because the money boys are happy, that does not at all mean everybody is doing fine -- but the money is what the Republicans profess to be all about.  THEIR presided over the crash over THEIR system.

      "The extinction of the human race will come from its inability to EMOTIONALLY comprehend the exponential function." -- Edward Teller

      by lgmcp on Tue Oct 02, 2012 at 09:04:35 AM PDT

      [ Parent ]

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