House votes to clamp limits on bonuses

[Sauer Grapes]

Originally Posted by ggainey

I aint gonna let this get me into an argument, so I am gonna say one more thing and then not come back to it. But the banking situation would not be in the shape it's in if the regulations for loans wouldn't have been lowered by the Clinton administration, and not to try to make this into Clinton's fault, but they did lower the regs, but there was ample time after that to corrrect it by others and it wasn't corrected. So I don't think the blame can be laid on the finance industry. My two cents. I'm done.

Actually, most of those I know in the banking industry not only blame Clinton, but Bush as well. Clinton got everything started, Bush lowered the regs even further.

Just goes to further your point that more government regs is not the answer.