Recent comments in /f/dataisbeautiful

atxlrj t1_jcqx7qv wrote

Right and the commenter I was responding to was focused on the role of Presidents, not Congress.

I was disagreeing that “Republican Presidents” were primarily to blame for banking deregulation when Carter and Clinton had both signed deregulation bills, including the repeal of Glass-Steagall. Clinton has signaled his support for repeal from as early as 1995. Clinton has since defended this decision and insisted it didn’t contribute to the Great Recession.

So I stand by the conclusion that that Democratic Presidents don’t have a better record than GOP presidents when it comes to major banking deregulation. However, I also disagree with your congressional analysis - the bill was already stalled before joint negotiations. The final version passed 90-8 in the Senate - I don’t support the idea that a Democratic Senate would have killed the bill beyond all negotiation given that President Clinton had been in support of repeal.

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JeromePowellsEarhair t1_jcqurff wrote

OP is making a joke. Glass-Steagall was the post-Great Depression banking regs implemented.

The joke is that we have waves of regulation that you can see in these failures. Failures spike and everyone clamors to regulate. Then the wave stops and everyone forgets about the past and slowly deregulates. Then we get hit with another wave and the “Glass-Steagall cycle” starts again.

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[deleted] t1_jcqumrh wrote

In our family Christmas with one side out the other sometimes isn’t celebrated until January or - as this year - February. And sometimes Christmas decorations help relieve winter SAD feelings. The Christmas decs stay up as needed, and fooey to all the decoration Karens who disapprove.

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Raspberries-Are-Evil t1_jcqpvcc wrote

I read something recently about this, Im sorry I can't find it to post, but essentially they were saying that in the past great players in high school would chose to be 2nd tier- non starters at the best programs like Duke, Kansas etc, but that changed in the last 10 years or so, where those guys are choosing smaller schools to be starters and be seen by NBA scouts.

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