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72. Unintended Consequences: Clinton-Era Deregulation and the Financial Crisis of 2008–2009

  • Michael Takiff
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A Complicated Man
This chapter is in the book A Complicated Man
© Yale University Press, New Haven

© Yale University Press, New Haven

Chapters in this book

  1. Frontmatter i
  2. Contents vii
  3. Author’s Note xi
  4. Introduction: An Endless Argument 1
  5. Part I. Local Hero, 1946–1987
  6. 1. Small Town Boy: Hope, Arkansas 9
  7. 2. A Big City (pop. 29,307): Hot Springs 17
  8. 3. Positive, Positive, Positive, Positive: Georgetown 32
  9. 4. Man of the World: Oxford and Yale 36
  10. 5. On the Move: An Arkansas Politician 42
  11. 6. Too Much, Too Soon, Too Bad: Rookie Governor 51
  12. 7. Out of the Woodshed: Exile and Return 64
  13. 8. Busy, Busy, Busy: Governor Again 66
  14. 9. Comfort Level: Bill and Black Arkansas 79
  15. 10. Not Bad, But . . .: Potential Unfulfilled 83
  16. Part II. Rising Star, 1987–1992
  17. 11. National Democrat: Moving Toward the White House 87
  18. 12. Going for It: Candidate 101
  19. 13. Near-Death Experience: New Hampshire, 1992 108
  20. 14. All Roads Lead to Madison Square Garden: Nominee 122
  21. 15. A Bubba, Not a Bozo: President-Elect 131
  22. Part III. Stumble, 1993–1994
  23. 16. Not an Admiral: Transition 147
  24. 17. Bedlam at Birth: Getting Started 149
  25. 18. Bill Asks, Colin Tells: The President, the Gays, the Military 150
  26. 19. New Kid in Town: Permanent Washington Greets the Clintons 158
  27. 20. Debt on Arrival: Recharting an Economic Course 168
  28. 21. A Casino for Jesus: The Budget Bill 173
  29. 22. The Yanks Are Coming: Navigating a Post–Cold War World 178
  30. 23. Trade War: Passing NAFTA 184
  31. 24. Heroic Measures: The Fight to Reform Health Care 190
  32. 25. Stand-Up Guys: Bill, Boris, Jiang, Fidel 196
  33. 26. Action, Inaction: Somalia and Rwanda 201
  34. 27. No Way to Run a Railroad: Fixing a Dysfunctional White House 207
  35. 28. From Humiliation to Celebration: Haiti 214
  36. 29. Picturing Peace: The Oslo Signing 216
  37. 30. Something Is Rotten in the State of Arkansas: Whitewater, the Scandal Begins 221
  38. 31. Golfing with Willie Mays: Bill Among Friends 232
  39. 32. Rebuke: The 1994 Midterm Election 237
  40. Part IV. Recovery, 1995–1996
  41. 33. Picking up the Pieces: The Aftermath 243
  42. 34. Relevant: Newt versus Clinton 246
  43. 35. Pastor to the Nation: Oklahoma City 247
  44. 36. End of an Era: The Road Back 252
  45. 37. This Town Ain’t Big Enough: Shutdown Showdown 255
  46. 38. Shalom, Chaver: The Death of Yitzhak Rabin 263
  47. 39. I’ll Show You Mine If . . .: The Big Mistake 269
  48. 40. A Commander in Chief (Finally) Commands: Bosnia, Solved 271
  49. 41. Ballot-Box Missionary: Irish Troubles, Irish Votes 276
  50. 42. A Deal. With the Devil? Ending Welfare as We Know It 284
  51. 43. Slippery or Steadfast? Shapeshifter 288
  52. 44. Piece of Cake: Reelection 293
  53. Part V. Humiliation: 1997–2000
  54. 45. Reckless, Stupid, Human: Wasting a Precious Gift 303
  55. 46. Big Bucks Bedroom: Scandal of the Year, 1997 307
  56. 47. Nailed! Linda and Lucianne 309
  57. 48. Pants on Fire: The Jones Deposition 311
  58. 49. The Bombshell Wears a Beret: Enter Monica 317
  59. 50. Scandal? What Scandal? Compartmentalization 324
  60. 51. The Puritan and the Pol: Starr versus Clinton 326
  61. 52. Respite: A Tour of Africa 329
  62. 53. Today’s Word Is Is: The Grand Jury 332
  63. 54. Speech Defect: An Unapologetic Apology 337
  64. 55. Sine Qua Non: Ulster’s Peacemaker 341
  65. 56. Softcore: The Starr Report 344
  66. 57. For Mature Audiences Only: A Committee, a TV Show 346
  67. 58. DeLayed Reaction: The Midterms and the Majority Whip 351
  68. 59. Impeach the Rapist! Fifty Boxes, Four Articles 355
  69. 60. Amazing: A Speech in Gaza 358
  70. 61. Bad Guys: Going After Bin Laden and Saddam 361
  71. 62. The Hypocrisy Police: Bob Livingston, Porn Star 368
  72. 63. It’s Official: Impeached 372
  73. 64. It’s About Sex: The Trial 374
  74. 65. Seventy-Eight Days: Kosovo 380
  75. 66. Down to the Wire: Camp David and the Clinton Ideas 385
  76. 67. In Denial: Bill Clinton and the Election of 2000 392
  77. Part VI. Citizen Clinton, 2001
  78. 68. Parting Shots: Leaving the White House 399
  79. 69. Convening Power: The Clinton Foundation 403
  80. 70. Chasing a Buck: Making Multimillions Multinationally 411
  81. 71. Bill in a China Shop: Hillary for President, 2008 414
  82. 72. Unintended Consequences: Clinton-Era Deregulation and the Financial Crisis of 2008–2009 420
  83. 73. Envoy: A Visit to North Korea 423
  84. 74. And Now? The Future of Bill Clinton 424
  85. Epilogue: Closing Argument 429
  86. Speakers in A Complicated Man 435
  87. Notes 445
  88. Acknowledgments 477
  89. Photo Credits 479
  90. Index 480
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