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Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (11708)	10/29/1998 8:43:00 PM
From: Daniel Schuh	Read Replies (1) \| Respond to of 67261

You were there. It was all Congress's fault. It had nothing to do with the regulatory agencies, which happen to be in the executive branch. Could you provide some details on this, please? It's not as if everybody wasn't up to their necks in the S&L fiasco. But to dump it all on Congress, and totally exonerate Reagan/Bush seems a bit dubious. What day-to-day control did Congress have on the matter? Reagan was perfectly capable of getting his way with Congress, too, when it was important. But I know you'll give us a non-partisan and objective account.

To: jlallen who wrote (11708)	10/30/1998 12:47:00 AM
From: Borzou Daragahi	Read Replies (1) \| Respond to of 67261

The S&L fiasco was the creation and creature of an obstructionist Democrat Congress who interfered with all responsible attempts by the Regulators Could you please expand on that? I thought it was the Reagan-inspired deregulation of the thrift industry that led to the bad loans and taxpayer bailout of the Savings and Loan industry. You're saying regulators tried to do their job and the Democrats prevented it? That hasn't been my understanding. I would very much appreciate your elaboration.