So typical of Bill Clinton! Always find someone else to blame for your mistakes!!!! He is like a child when it comes to accepting responsibility.
Bill Clinton is a crook. Period.
When he left office he was $10 million in debt to lawyers over his impeachment affairs.
During Hillary's presidential campaign they reported a net worth of $109 million. Good work if you can find it. Whose pockets are the Clinton's in?
Clinton is a master at passing the buck when it comes to shirking his responsibilities.
In 1999 before he left office he repealed of the Glass-Steagall Act that was put in place after the 1929 stock market crash to avoid future market meltdowns.
And I'm a Democrat. It's time to get the corruption out of Washington, I don't care what party they are.
Summers is going some fancy CYA but even his weak self-defense misses the point. The federal government should not be promoting home ownership with Fannie and Freddie. This, combined with zero interest rates from the Fed created the bubble which inevitably burst, causing the 2008-09 recession.
This is priceless, Bill Clinton is the most egotistical, self serving person on the planet. He will throw anyone under the bus to protect his image.
The MSM just runs with the Dems talking points about Republicans without any back round on the legislation Clinton doesn't want to take responsibility for, even though as President he signed it into law.
Another news flash, the Dems took over Congress in January 2007. They were responsible for over sight on Wall Street Regulation, Fanny, Freddy etc etc. Unemployment was about 5% and the deficit was about 250 Billion and falling because of record tax revenue collected. We all know what happened after that. Just a few facts for you people to think about when the midterm elections roll around.
Nov. 2, 2010 can't come fast enough
What???? You mean this wasn't all Bush's fault???? I'm shocked!!! (Please note extreme sarcasm)
Funny, the more we find out about the different causes of the financial meltdown, the more it seems the Dems and the Clinton administration's policies were ultimately responsible.
1) Lowered lending standards encouraged by Clinton's HUD/Fannie/Freddie not Bush's and Dems blocked stricter oversight of Fannie/Freddie twice when Bush requested it.
2) Sub-prime mortgage backed securities began being sold during Clinton administration, not Bush's.
3) Derivative and credit default swap markets created during and promoted by Clinton administration not Bush's.
Yet the Obama administration, instead of making himself and/or the party he leads take responsibility for their role in the meltdown, he/they continue to point fingers at the Bush administration instead being accountable for their own actions.