Submitted by pranshum t3_11u8mhn in dataisbeautiful
Fish_Slapping_Dance t1_jcr1gdo wrote
Reply to comment by atxlrj in [OC] Bank failures come in waves by pranshum
>"and the commenter I was responding to was focused on the role of Presidents, not Congress."
Yes, and you both focus on people who did not create the legislation that shipwrecked the economy. That was conservatives in Congress and the banking industry. Carter and Clinton had no hand in drafting legislation. Clinton was culpable also, having not vetoed it, but it may have been overridden. Not likely, but possible. He made a bad decision, working with the GOP. It ruined us.
You don't support my well reasoned conclusion that the GOP were responsible for the repeal of Glass-Steagall, but you're not correct in that, and the vote shows the truth of it. Had Democrat controlled the Senate, the repeal effort would certainly have been defeated, and therefore there would be no bill for Clinton to sign or not sign. A president cannot veto a bill that does not exist. This is why voting for Democrats matters, because the banking collapse of 2008 was disastrous, and it could have been prevented.
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