SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Selectric II who wrote (5314)3/5/2004 12:49:02 PM
From: Sam   of 173976
 
People went to jail after the S&L scandals during Reagan; that's not it.
The number of people who went to jail for the S&L shenanigans was miniscule compared to the number of players. Even some of the Bush brothers could have gone, if things had been prosecuted to the fullest extent. That scandel was both too large and affected too many "small" potatoes--middle class homeowners--to ignore. And it could have threatened our financial system if it hadn't been contained. The junk bond scandels were barely touched, though Drexel was dismantled and Millikan sent to jail.

The excess of the late '90's was purely a Clinton phenomenon, and the illegal activities occurred during the Clinton years. Clinton even took the opportunity to pardon many of his cronies on his way out the door. Remember?

I remember him pardoning one guy related to this stuff on his "way out the door." And he wasn't really a Clinton "crony", though I think his ex-wife may have given money to the dems, yes. To call the excess of the late '90s "purely a Clinton phenomenon" is a little bit absurd. The Clinton admin got off on a bad start with the gay military thing, then compounded their misery by attacking health care in a heavy handed way, especially given the strength and deep pockets of their opposition on that venture, and then lost the House to Gingrich. They were distracted from '95 on by the Starr gang. They did allow the "New Economy" mantra to go their heads (who didn't? not too many), and didn't regulate as well as they could have, but given what was going on, what could one really expect? Every time they tried to do something significant, they were cut off at their knees by cries of "Wag the Dog" or some such thing.

Clinton was one of the poorer men to ever be President. He didn't "inspire" people like Ken Lay or Bernie Ebbers or the numerous accounting scandals and outrageous growth of CEO pay. The ethos of the '80s magnified by the "New Economy" did that.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News