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Originally Posted by Clodfobble
Shaw, you do have to admit, Clinton made a bunch of shady financial things legal, that used to be illegal. They are the very things that Congress is now working to make illegal again. He didn't personally misuse the financial system, but he helped make it possible for others to do so. (Which is funny, because rampant free-market deregulation is typically supposed to be the Republicans' battle cry, but in this case Clinton did it.)
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Yeah, he didn't veto that or NAFTA, and I don't like either decision. The repeal of Glass-Steagall was a republican initiative, according to Wikipedia
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The bill that ultimately repealed the Act was introduced in the Senate by Phil Gramm (Republican of Texas) and in the House of Representatives by Jim Leach (R-Iowa) in 1999. The bills were passed by a Republican majority, basically following party lines by a 54–44 vote in the Senate[13] and by a bi-partisan 343–86 vote in the House of Representatives.[14] After passing both the Senate and House the bill was moved to a conference committee to work out the differences between the Senate and House versions. The final bill resolving the differences was passed in the Senate 90–8 (one not voting) and in the House: 362–57 (15 not voting). The legislation was signed into law by President Bill Clinton on November 12, 1999.[15]
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He should have vetoed it.