It is quite annoying when letter writers such as Mark Tomes (“Antisocial wealth,” April 21) make blanket statements without checking all the facts.
First off, former President Bill Clinton did not repeal the Glass-Steagall Act. Republicans Phil Gramm (Texas), Jim Leach (Iowa) and Thomas Bliley Jr. (Virginia) co-sponsored the Gramm-Leach-Bliley Act to replace some of the terms of the Glass-Steagall Act. That bill passed with the Republican-controlled congress and President Clinton signed it.
He had no choice, as the bill that was submitted had enough votes to make it “veto proof.” In the Senate, 53 Republicans voted “yes,” and 44 Democrats voted “no.” In the House, 207 Republicans voted “yes,” and 51 Democrats voted “no.”
I realize the popular agenda now is to tear down the character of any political candidate. But at least get the facts straight.
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