blaming clinton for demise of glass steagall

a friend wrote today, lamenting the re blowing of the financial bubble, saying,
"If you could pin this bubble on one event (besides the Bill Clinton repeal of the 1934 banking reform act)...it would be...911."

i chose to ignore the 911 comment as obviously silly, but blaming bill has credence in the world of wing nuts so i responded:

its so kind of you to give bill clinton the credit

especially since the glass steagal act had been violated for years before clinton signed the gramm leach bliley act

by the way

the senate vote overturning glass steagall, was 92 to 2 with 6 abstaining

not much room for a veto there

besides, this was around the time clinton was being tried by the senate on charges of impeachment for lying about a stain on a blue dress

but .hey its ok, give all the credit to bill

im sure he could use the love

but please...remember the travelers-citi merger happened, with fed approval,BEFORE GLASS STEAGAL.. the law was dead before it hit the ground thanks to greenspan

and all the "i hate regulation" crowd was there to make it so cause you know clinton couldnt have done it alone.

remember phill and windy gramm...the banksta whores who brought this to our doorstep

im ok with you blaming bill clinton...i do too... for a lot

but you do him too much honor to give him so much credit. :)