Bill Clinton's Role in the Mortgage Crisis
by Ralph Brauer | 11.27.2007
FDR Signs the Glass-Steagall Act (Carter Glass on Left)
Many Democrats wish Bill Clinton still occupied the White House. However, before you put him in Mt. Rushmore, you might want to investigate his role in the mortgage foreclosure crisis.
The chief aim of what I have termed the Republican Counterrevolution has always been to roll back the New Deal. Anti-gov'ment rhetoric hides this as surely as states' rights hid racist segregation. Of all the New Deal legislation the GOP has sought to overturn, one that has always been at or near the top of the list is the Glass-Steagall Act. Ironically, a Democratic president repealed this for them