Quote:
Originally Posted by spence
It was a Republican sponsored bill which the Dems in congress mostly opposed. You can't really blame Clinton for signing it into law as the economy was cranking at the time and he wasn't about to get in the way of industry.
There's not much difference between Clinton and Bush on policy here, although it was under Bush that the sub-prime lending really took off. Some of this could have been just timing though.
-spence
|
Actually, the Dems in congress did NOT mostly oppose Gramm-Leach-Bliley. They, along with the Republicans, voted, OVERWHELMLINGLY for it. The total, combined vote of both Congressional Houses was 450 for and 64 against. A small minority of both Dems and Repubs voted nay.