Well, as a matter of fact, the Bush administration does certainly share the guilt.
But CRA was put into place by Jimmy Carter and put on steroids by Bill Clinton.
And the Glass-Steagal act was repealed by Bill Clinton.
Clinton did it on purpose. I frankly think that Bush was a bit of a dope about some things, notably the economy. He made a big, big mistake putting Paulson in charge at the Treasury, because Paulson was basically an agent of the Democrats.
Agreed. Poppy Bush was a dope too because he had Nicholas Brady who worked for Dillon Read on Wall Street. Brady was a sharp cookie. The father should have made sure GW had someone on Wall Street he trusted. Also someone at the SEC who knew what they were doing.
Amen, amen, amen!
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