70 Year Magazine Archive

Breaking the Banks

For a while there, it looked as if the new Administration was taking a Reaganesque turn. Look again.

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ROBERT STOWE ENGLAND

BILL CLINTON embraced at least one Reaganesque idea at the Little Rock economic summit: banking deregulation. In a small way. Briefly. The tale of his retreat is instructive both about the depth of the banking system’s problems and about the Clinton modus operandi.

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