Former President Bill Clinton now says he had an inadvertent role in the credit crisis and the SEC’s civil fraud case against Goldman Sachs by signing the Commodity Futures Modernization Act in 2000, exempting the $58 trillion credit default swap industry from meaningful regulation.

In fact, it was a huge mistake, Clinton said in an interview with Bloomberg News. But he blames former Treasury Secretary Robert Rubin and his successor Lawrence Summers for advising him on financial deregulation.

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