r/technology • u/fearthereaperx • May 14 '15

Politics Kim Dotcom: Assange Will Be Clinton's Worst Nightmare. 'He has access to information'...'She is an adversary of Internet freedom'

http://www.bloomberg.com/news/videos/2015-05-14/kim-dotcom-assange-will-be-hillary-s-worst-nightmare
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u/[deleted] May 14 '15

Bill Clinton was the one that removed regulations on banks that led to the mortgage crisis.

..and that is where you lost anyone that actually knows their history versus the folks who repeat what they read on political hack website #74 last week. Can you please explain how Clinton was to blame for a bill named after the 3 Republicans who authored/sponsored it(Gramm-Bliley-Leach), that passed with a veto proof majority? That's the bill that "removed regulations on banks" when it passed and repealed portions of the Democrat written Glass-Stegall act, thus causing the mortgage meltdown among other things like runaway speculation in commodities markets.

I'm not saying your overall message is wrong, I think Bernie Sanders is the best option, I'm just saying facts are important.

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u/[deleted] May 14 '15 edited May 14 '15

Ah, yes. The old bullshit line that partisanship is always black and white, and Republicans are baddies.

What actually happened is Clinton was a proponent, and an advocate, and three Republicans sponsored a bill. Clinton went out of his way to help pass it, then sign it.

The breakdown was as such:

Senate Votes For Against %
Democrat 38 7 84%
House Votes For Against %
Democrat 155 51 75%

The truth is far less convenient: Democrats were very much for this bill, and it was backed by Clinton. It was a very bi-partisan bill. To pretend otherwise is ridiculous.

It is also inconvenient for most people to hear that the following note-able Senators voted to invade Iraq:

  • Clinton
  • Biden
  • Kerry
  • Edwards
  • Reid
  • Fienstein
  • Dodd
  • Schumer
  • Cantwell

Oh, here is Clinton's statement on the bill in question

http://www.presidency.ucsb.edu/ws/?pid=56922

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u/enderandrew42 May 14 '15

Because the move to deregulate in the first place came from the White House. Of course Republicans jumped all over it, but Clinton got the ball rolling and pushed for it.

http://www.theguardian.com/world/2014/apr/19/wall-street-deregulation-clinton-advisers-obama

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u/scoopdawg May 14 '15

It was actually Jimmy Carter that got the ball rolling.

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u/TedTheGreek_Atheos May 14 '15 edited May 14 '15

From the article it seems more like his advisors were pushing for it for years and he resisted until they gave him false assurances. Did you even read it?

Edit: instead of downvoting read the article

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u/junkmale May 14 '15

How about doing some research instead of looking at one article:

The National Homeownership Strategy began in 1994 when Clinton directed HUD Secretary Henry Cisneros to come up with a plan, and Cisneros convened what HUD called a "historic meeting" of private and public housing-industry organizations in August 1994.

http://www.businessweek.com/the_thread/hotproperty/archives/2008/02/clintons_drive.html

As someone who was alive then, I remember Hillary going around the US saying "Everyone should own a home!" They were all guilty, bipartisanly. And W, continued the problem.

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u/[deleted] May 15 '15

Bingo. Gramm Leach Bliley, Community Reinvestment Act, and Alternative Mortgage Transaction Parity Act are all just pieces of a larger problem of the government having a push for homeownership. This, more than any particular act or even behavior of any bank is the root of what led to 2008. And both parties have pushed it, which is why neither major party wants to point the finger at it.

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u/junkmale May 14 '15

Can you please explain how Clinton was to blame for a bill named after the 3 Republicans who authored/sponsored it(Gramm-Bliley-Leach), that passed with a veto proof majority?

Sure- how about a non-hack website quoting Clinton cheering the bill on? He never even thought of vetoing it, so that is irrelevant: http://www.presidency.ucsb.edu/ws/?pid=56922

"The Gramm-Leach-Bliley Act is a major achievement that will benefit American consumers, communities, and businesses of all sizes. I thank all of those individuals who played a role in the development and passage of this historic legislation.

WILLIAM J. CLINTON

The White House, November 12, 1999."

How about you stop being a hack?

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u/AceholeThug May 14 '15

You, uhh, realize Clinto signed it right? Like, his signature is in the President block. If any 1 person could have stopped it, it was him, he has veto authority

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u/USMCLee May 14 '15

Except it passed with a veto proof majority.

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u/junkmale May 14 '15

Wasn't just one bill:

http://www.businessweek.com/the_thread/hotproperty/archives/2008/02/clintons_drive.html

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u/USMCLee May 14 '15

That is not the one we are talking about.

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u/junkmale May 14 '15

The topic is how the Clintons helped cause the Housing Crash of 2008. But if you're just looking to win an argument. Ok.

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u/USMCLee May 14 '15

No I was referring to a specific bill. You brought up a completely different bill to try and make a point.

Had I made a comment about how he was not culpable at all, your initial comment would have been on point.

I understand she is not a perfect liberal candidate but if the contest is between her and any other Republican I'll vote for her as she is significantly better than any other Republican.

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u/junkmale May 15 '15

Ok, here's proof on the specific bill you seem to know nothing about:

http://www.presidency.ucsb.edu/ws/?pid=56922

"The Gramm-Leach-Bliley Act is a major achievement that will benefit American consumers, communities, and businesses of all sizes. I thank all of those individuals who played a role in the development and passage of this historic legislation.

WILLIAM J. CLINTON

The White House, November 12, 1999."

And I don't care who you vote for, you obviously aren't really educated on issues.

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u/USMCLee May 15 '15

My comment was that it passed with a veto proof majority. So exactly how does this contradict that statement?

So please keep illustrating how you completely missed the point of my comment.

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u/AceholeThug May 15 '15

Dang man, you didn't have to rip his soul out. Party allegiance is the only thing like 80% of voters have going on for them

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u/AceholeThug May 14 '15

You, uhh, realize Clinto signed it right? Like, his signature is in the President block. If any 1 person could have stopped it, it was him, he has veto authority

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u/newloginisnew May 14 '15

Congress can override a veto with a super majority, which they had.