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Posts Tagged ‘Clinton Presidential documents’

Clinton Presidential Documents c.1998: “Who’s on First?”

Posted by Larry Doyle on April 22nd, 2014 2:27 PM |

Every now and then I come across a document or statement that simply stops me in my tracks. In the process of pondering the weight and importance of the embedded message, I am typically left totally aghast.

Today I had one of those experiences as I continued to review the treasure trove of material in the recently released documents from the Clinton Presidential Library. From a document covering the work of the Council of Economic Advisers, I almost spilled my coffee when I read the following: (more…)

Clinton Presidential Documents on Glass-Steagall Repeal: No Good Reason For Doing This

Posted by Larry Doyle on April 21st, 2014 9:44 AM |

I do not think there is any single piece of legislation in the last 50 years that has had such a profoundly detrimental impact on the American public than the repeal of the Glass-Steagall Act separating commercial and investment banking.

That repeal is certainly not the sole factor that led to the economic crisis of 2008 and the ongoing pain we experience today, but it was certainly critical to the eventual meltdown. There is no great revelation in that assessment.

The recent release of documents from the Clinton Presidential Library provides real transparency on the dynamic at play back in the mid to late ’90s that led to the eventual dismantling of Glass-Steagall. Perhaps no surprise that we have yet to see meaningful review of these documents from media outlets on our side of the pond, but the UK-based The Guardian hits these revealing documents hard.

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