Bill Clinton accepts responsibility for the recession.GOP are bag of dicks. Just like bush. Want another recession? Vote GOP.diversity in the gop? that's like looking for a particular marsh mellow in a marsh mellow factory!
Let's look at that.
Rubio - Hispanic
Cruz - Hispanic
Carson - Black
Jindal - Indian
Fiorina - Female
Sanders - old white guy
O'Malley - old white guy
Hillary - old white guy
Tell us again which party is a bag of stale marshmallows?
Alan Greenspan, the Federal Reserve chairman, opposed regulation of derivatives as they came to the fore in the 1990s, and Clinton agreed. "They argued that nobody's going to buy these derivatives, we'll do it without transparency, they'll get the information they need," he recalled. "And it turned out to be just wrong; it just wasn't true." He said others share blame, including credit-rating agencies that underestimated the risk. But he accepts responsibility as well. "I very much wish now that I had demanded that we put derivatives under the jurisdiction of the Securities and Exchange Commission and that transparency rules had been observed and that we had done that. That I think is a legitimate criticism of what we didn't do." He added: "If you ask me to write the indictment, I'd say: 'I wish Bill Clinton had said more about derivatives. The Republicans probably would have stopped him from doing it, but at least he should have sounded the alarm bell.' "
Clinton concludes by asserting that he never would have let the housing bubble grow as big as it did (Baker: "never mind the high-technology bubble that burst on his watch") and would have stepped in to prevent the market free-fall that ensued. Even with these self-justifying caveats, though, Clinton has gone much, much further than Robert Rubin in accepting responsibility for helping to create the United States' worst economic calamity since the Great Depression. Remind me: Which one is the politician?