Bill Clinton Fibbing on Fannie ...

Bill Clinton has been getting a lot of press lately for trashing his own party’s handling of the mortgage mess. Last Thursday, he told Good Morning America, “I think that the responsibility that the Democrats have may rest more in resisting any efforts by the Republicans in Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”

Unfortunately, he was fibbing.

http://townhall.com/blog/g/8d879acf-1b9d-471c-bf05-68142ad2a4b6[img][/img]

Starlight, I get a blank page when I go to the link, but I knew when I heard Bill Clinton say that that that he was lying. Back in 99 Congress opened the door to the subprime mortgage crisis when it repealed the Glass-Steagall Act. The 66 year fire wall between invest houses and commercial banks.
The repeal of the Glass-Steagall Act was signed into law by President Bill Clinton!!!

http://townhall.com/blog/g/8d879acf-1b9d-471c-bf05-68142ad2a4b6

Did some reading on the Republicans' and thus by association, McCain's supposed "deregulation" that the rats all say led to this!??
Well, that "deregulation" had nothing to do with Wallstreet, Fannie, Freddie, etc.
Check it out, freepers probably have it, but the fact is, deregulation by the Republicans applied to a LOT of things, but not the financial industry!!