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© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.History channel working on documentary series with Bill Clinton
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JeffLee
I miss the Clinton years. No 9/11, no losing wars, no recessions, no pandemics, no financial crises. Just peace, prosperity and the rise of US power and influence in the world.
the incongruous amalgam
Clinton was no better than any republican president of the last 50 years.
the incongruous amalgam
clinton was responsible for a lot of the last financial collapse and the fall of unbiased news media. I do not miss clinton.
actually, most of the presidents of both parties have been crap since the u.s. has come into being. both parties are a sham.
JeffLee
Only a masochist would miss Clinton, considered everything that happened AFTER he left office.
Pure fantasy. The collapse was caused by unregulated private-sector lenders in the 2000s who aggressively gave big loans to people who couldn't pay it back, and by Wall Street, which packaged and sold that toxic financing.
starpunk
Clinton inherited a post-Cold War world that neither he or his predecessor knew how to handle. while the economy did get better during his time in office it also radically evolved. New technologies like the Internet completely changed everything.
As for peace he inherited the Somalia war from George Bush and that place is still in a state of anarchy. However, the social and political factors behind that would've made the mission an unwinnable flop for any US President. He had the US invade Haiti in 1994 and simply kept a lid on most coverage of the urban guerilla war we had there instead of broadcasting it all over the media like Desert Storm was. Clinton knew Somalia was a waste so he kept the Haiti war out of sight. Then came Bosnia where NATO kicked the crap out of the Serbians to stop a genocide. It ended just in time for Clinton to start his reelection bid, earning him his nickname of 'Slick Willie'.
His second term ended with the 'dot-com' crash and he was impeached for doing something stupid but not criminal. And he waged a weeklong air war on Iraq in Dec. 1998 and Kosovo in 1999. Peace? No. And the impeachment was a sham, it showed the world how hypocritical and dumb so many people in the US really are.
That's why I find it ironic he's working on this documentary. But he's still better than Trump by light-years.
Serrano
Are they going to cover any of Bill Clinton's crimes and corruption?
I miss the Clinton years. No 9/11, no losing wars, no recessions, no pandemics, no financial crises. Just peace, prosperity and the rise of US power and influence in the world.
In addition to his sex scandals, Bill Clinton screwed up Somalia, Bosnia, Haiti, and North Korea.
Mike
Congress put pressure on lending institutions to create More affordable loans, and these institutions responded by coming up with creative lending instruments, subsequently these mortgages and loan instruments were sold to Fannie Mae and freddymac which is essentially backed by the government.( Investors presuppose they won't go down) so it was actually government pressure and involvement not regulation that created a moral hazard, thus resulting in a crisis.
Mike
Remember that the likes of George w Bush and congressman Frank joined the push for more home ownership by ridding of down payments. Down payments are a free market mechanism that exist for a reason. Government meddled with the free market, which thus resulted in the housing bust.
JeffLee
@Mike
A big red herring. The subprime lenders were cowboys, basically unregulated and thus outside the Federal Reserve's regulatory system and therefore free of any compliance pressure from Washington. They and Wall St. were motivated by their own short-term profit gains, not by govt compliance. And they made HUGE profits, for a while. Didn't you read/see "The Big Short"?
Around the same time, for example, Canada had similarly lax and affordable home-loan government programs. The difference was the lenders were strictly regulated and more risk-sensible, and Wall St. wasn't so interested in packaging Canadian mortgages.
bass4funk
It’s not like we don’t know anything new about the guy, but....oh, well....