Whose fault is the recession?

[scottw]

Originally Posted by CaptRandy

Look for a date when the Glass Steagel Act was changed to let banks grow across state lines and become too big to fail. Anybody remember Ronnie?

not sure which Ronnie you are referring to but Bill Clinton enthusiastically signed the repeal and Robert Rubin was the architect....

Nov 12-1999, President Clinton stated, " Glass- Stegal (FDR Banking Bill) is no longer appropriate for our economy. This was good for the industrial age. The (1999) Financial Modernization Bill is the key to rising paycheck and great security for ordinary Americans".