“On the Glass-Steagall thing, like I said, if you could demonstrate to me that it was a mistake, I'd be glad to look at the evidence. But I can't blame [the Republicans]. This wasn't something they forced me into. I really believed that given the level of oversight of banks and their ability to have more patient capital, if you made it possible for [banks] to go into the investment banking business as continental European investment banks could always do, that it might give us a more stable source of long-term investment.”
Quote by William J. Clinton
Author
William J. Clinton
William Jefferson Clinton, the 42nd President of the United States, was born on August 19, 1946. His presidency was marked by economic prosperity and a series of achievements in domestic and foreign policy. Despite controversies, including a sex scandal and impeachment, Clinton's economic legacy and foreign policy initiatives continue to be widely discussed and studied. more
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Source: Public Papers of the Presidents of the United States: William J. Clinton, 2000-2001
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