Clinton Accepts Responsibility For Financial Meltdown

Well, actually, he blames his advisers.

Former President Bill Clinton blamed everyone from his advisers to Republicans to himself for the country’s financial mess in an interview set to air today on ABC’s “This Week.”

Clinton claims in the interview that his Treasury Secretaries, Robert Rubin and Larry Summers, gave him bad advice on derivatives that overlooked the propensity of rich people to make “stupid decisions.”

Clinton admitted his share of responsibility for taking that advice, but he also lashed out against the Bush administration, saying his successor abandoned “the whole regulatory apparatus” that would have headed off the financial meltdown.....

.....Clinton said he regretted not trying to regulate derivatives, but that Republicans would have stood in the way. “Now, I think if I had tried to regulate them because the Republicans were the majority in the Congress, they would have stopped it. But I wish I should have been caught trying. I mean, that was a mistake I made.”

Read more: http://dailycaller.com/2010/04/18/clinton-admits-responsibility-then-blames-advisers-gop-for-financial-mess/#ixzz0lST00JUR