Robert reich hillary clinton dating

It encouraged banks to get bigger and to take on riskier investments, so the ripple effects of the crisis were bigger than they would have been otherwise, he said, adding that it wasn’t just the headline-making banks that struggled.

The extent over Glass-Steagall’s effect on the financial crisis is a topic on which reasonable people can disagree. As part of that movement, banks and lawmakers steadily chipped away at Glass-Steagall and took advantage of loopholes.

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Democratic presidential candidate Hillary Rodham Clinton stands on stage with her husband, former President Bill Clinton, after her official kickoff rally June 13, 2015, in New York City.

So the overall, decades-in-the-making decline of Glass-Steagall might have contributed to the financial crisis and its fallout, as it was part of the deregulatory push.

But Clinton putting pen-to-paper on the repeal of Glass-Steagall in 1999 probably didn’t make any meaningful difference.

The law kept commercial banks (where customers deposit money and take out loans) separate from investment firms (which hold securities and make investments) -- more colloquially, the law separated Main Street from Wall Street.

Some experts and lawmakers want to keep these kinds of activities separate, because they’re worried that merging them could put the public’s money at risk.

The script details how the pair met at Yale College in 1972 in the law school library where she is tutoring a young Robert Reich, who would go on to be Labour Secretary in her husband’s administration.

Over the 118 pages the script details how the pair then drift apart and get back together until 1974 when she joins in him Arkansas where he is running for a seat in the House - having effectively chosen his career over hers.

It’s safe to say, though, that there is not a prominent group of economists who argue "but for the 1999 repeal of Glass-Steagall, the crisis would not have happened." Lawrence White, an economist at New York University, doesn’t see Glass-Steagall playing any role in the financial crisis whatsoever.

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