<p>“Deregulation lets financiers pull **** like being able to sell bad loans. It completely takes the incentive out of lending money responsibly, since you can make huge profits by shirking the risk of defaulting to others. So what happens is you have a bunch of Wall Street guys acting completely irresponsibly, resulting in the kind of chaos we see today.”</p>
<p>Buddy, I asked for specific legislation and specific actions. Call for actions. What do you make of Clinton’s complacency then?</p>
<p>*He cited the repeal of the glass-steagall act as a “possibility”, then said nope.
*He said you could argue they should have been more strict on derivatives when he was President, but no one in Congress wanted to do it.
*He could have reigned in Fannie Mae and Freddie Mac, but they had too much money to contribute to both Republicans and Democrats and it would have never happened.</p>