Where was the intelligent caucus? Clinton pushed the repeal. I doubt I’ll ever forgive him for that and he still says today he stands behind it. Growl!
Presidential candidate and former Rhode Island Gov. Lincoln Chafee struggled to explain during Tuesday’s Democratic debate why he voted in favor of deregulating big banks in 1999.
CNN host and debate moderator Anderson Cooper asked Chafee how he could press Hillary Clinton on Wall Street when he voted for a bill repealing the Glass-Steagall Act, a landmark financial regulation bill that separated the banking industry from the securities industry.
“Glass-Steagall was my very first vote,” Chafee said. “I’d just arrived, my dad had died in office.”
Chafee was appointed to the U.S. Senate seat held by his father, John Chafee, until his death in 1999.
Cooper continued to press Chafee, asking if he didn’t understand the bill before voting on it.
“I think you’re being a little rough,” Chafee replied.
And here is his vote in 1999. Click here.
On a side note : The final vote of the…
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