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In reply to the discussion: Medicare Advantage Is Scamming You [View all]paleotn
(21,053 posts)He tried to be a softer, gentler version of Reagan and GHW Bush.
He also signed the Financial Services Modernization Act. During debate, Senator John Dingell D-MI said it would allow banks to become "too big to fail" and a federal bailout was inevitable. He was right, and it didn't take long. 2008 financial meltdown and the Great Recession.
Gee, thanks Bill. And in fairness, a bunch of congressional Dems who should have known better. But oh no! Third way. Triangulation. They and Big Dog got carried away by the siren song of "innovation", "growth" and "wealth creation." Orwellian use of those words. What they really meant was allowing financial institutions to take on insane amounts of risk in pursuit of profit. Those people should have known better too.
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