Subprime lending became possible through Clinton-era minority homeownership policy and the 1999 repeal of Glass-Steagall, which combined retail and investment banking and encouraged riskier financial vehicles.
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Clinton
Subprime lending became possible through Clinton-era minority homeownership policy and the 1999 repeal of Glass-Steagall, which combined retail and investment banking and encouraged riskier financial vehicles.
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"...make subprime happen. Okay? So, the first thing is that Bill Clinton, he really wanted to increase minority ownership of homes. Okay? He wanted..."
"And so, that's what the act said. Versible. Okay? It's trying to mitigate risk in the system. But by repealing the Glass -Steagall Act,..."
"...back to Biden and these types of people, you know, the Clinton mafia. Maybe it's going to favor certain types of candidates that are..."
"...of how many presidents were baby boomers, right? You had Bill Clinton, George W. Bush, Obama, Biden. I mean like Trump, I mean, I..."
"...lure powerful american um powerful americans such as bill gates bill clinton and the black man that resigned also bill gates wasn't even wanted..."
"...a president of Harvard. And he was treasury secretary under Bill Clinton. And he was the guy who created the mess in the first..."
"...a professor at Georgetown University in Washington, D.C. He was Bill Clinton's teacher, okay? He was Bill Clinton's teacher. And he's a widely respected..."
"...called Georgetown. It's based in Washington, D.C., and it's where Bill Clinton went, okay? This is where the, a lot of his friends, a..."
"...leaders. Charismatic leaders are people like Mao Zedong, Barack Obama, Bill Clinton, okay? They're people who, for whatever reason, people just love them and..."
"...if you look at 19, sorry, 2016, when Trump defeated Hillary Clinton, only 45 % of the suburbs voted for Clinton, which allowed Trump..."
"...also tolerant, okay? And this is also why, even though Hillary Clinton ran in 2016 and she was a woman, the suburbs didn't vote..."
"...to be like, what? They'll fire up the Democratic Party, Hillary Clinton, Bill Clinton, Barack Obama, they'll go out and give speeches for me...."
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