Donnachaidh
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Sat Mar-12-11 11:28 AM
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Looking for the video of Ed Schultz and Matt Taibbi from thursday |
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They were discussing the oil speculators, and Taibbi mentioned something I want to look up. Evidently, Goldman Sachs and other financial businesses were allowed to change their *classification* from business speculators to the classification that end-user companies use to hedge their future costs. Taibbi said this was done quietly, in the early 90's.
My question is this -- was this done while Bill Clinton was in office?
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howaboutme
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Sat Mar-12-11 11:44 AM
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These trade scams and deregulation of markets set the groundwork for today's problems that were put in place when Bill Clinton was in office. GW Bush followed up and put the icing on the cake. This has cost Americans trillions. Why isn't it possible to have a POTUS that actually has the interests of USA at heart? His new Wall St son-in-law and the son-in-law's crooked father fit in nicely.
Where is it written that they all are beholden to big business and Wall Street?
- NAFTA - Most favored nation status for China - Deregulation of banks allowing too big to fail -Gramm-Leach-Blighly FSMA 1999 - New rules that allows mass speculation in commodities CMA2000 - Although I'm not sure about the Goldman-Sachs special commodity exemption, it probably occurred under him
Like him or not, Bill Clinton did a lot of harm to the USA.
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Cassandra
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Sat Mar-12-11 11:55 AM
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3. The initial NAFTA bill was repuke... |
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and signed by Poppy Bush. We were hoping Clinton would reverse it but he agreed with it and kept it going.
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Marblehead
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Sat Mar-12-11 12:21 PM
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Frosty1
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Sat Mar-12-11 11:44 AM
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Fri Apr 19th 2024, 01:01 AM
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