Thread: Ladies and gentlemen, here he is... Ronald Reagan!
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Old 10-03-2011, 12:39 PM  
TheDoc
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Quote:
Originally Posted by Vendzilla View Post
You're sure that Reagan deregulated the banks? You might want to read up on that.

Clinton is the one that signed the law repealing part of the Glass?Steagall Act of 1933
http://en.wikipedia.org/wiki/Gramm%E...0%93Bliley_Act
Yeah... he did several bank deregulations which caused massive bank failures, the "too big to fail" motto we here today and devaluation of stocks.

http://en.wikipedia.org/wiki/Garn%E2...itutions_A ct
http://en.wikipedia.org/wiki/Deposit..._ Control_Act
http://en.wikipedia.org/wiki/Savings_and_Loan_crisis
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