Democrats ducking responsibility for financial meltdown

February 5, 2012 | By | 2 Replies More

Robert Scheer writes the following at Common Dreams:

That Lawrence Summers, a president emeritus of Harvard, is a consummate distorter of fact and logic is not a revelation. That he and Bill Clinton, the president he served as treasury secretary, can still get away with disclaiming responsibility for our financial meltdown is an insult to reason.

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Category: Corporatocracy, Politics

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

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  1. grumpypilgrim says:

    For more on Glass-Steagall, see Bill Moyer’s excellent website:
    http://billmoyers.com/tag/glass-steagall/

  2. Erich Vieth says:

    Thanks, Grumpy. That is a first rate resource on Glass-Steagall. It starts off with Byron Dorgan’s 1999 speech:

    “I’ll bet one day somebody’s going to look back at this and say, ‘how on earth could we have thought it made sense to allow the banking industry to concentrate through merger and acquisition to become bigger and bigger and bigger,’” Dorgan said. “How did we think that was gonna help this country?”

    Yep. Here’s the video:

    Dorgan Senate Session Speech Nov 1999 from BillMoyers.com on Vimeo.

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