If you could edit your past, what would you change?

Originally asked

The Guardian, to a different person each week, The Q&A

Repeated verbatim in The Guardian's long-running Saturday Q&A; two publisher-hosted examples establish recurrence.

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Recorded Bill Clinton said elsewhere, not written here
There was another bill that I think did make a contribution to the crash that I wish I had vetoed for symbolic reasons. They would have overturned my veto. And that was a bill that allowed banks to engage in all these derivatives, like collateralized debt obligations, without sufficient collateral. Now, it passed overwhelmingly. Almost every Democrat voted for it, and we all wanted it because it reauthorized something I’ll call the Community Reinvestment Act. The Community Reinvestment Act, if the government enforces it, requires every bank in America to reinvest some money where they take deposits. And we’ve got 800 billion dollars of investment under it when I was president. Ninety-six percent of all the money that had ever been invested under it, going back to the 1970s, was in those eight years. See, it was a goldmine of broad-based prosperity, and I wanted it badly, and a lot of other Democrats did, and we voted for it, but it would have been overridden, the veto. And I wish I had vetoed it because I never believed — I had a big argument with Alan Greenspan. He said, “But these things only affect investors with 100 million dollars or more. They can take care of themselves.” I said, “Yeah, I don’t care if they lose 100 million, but you don’t understand. If 100 of them lose 100 million, or 1,000 of them lose 100 million, it can wreck the whole rest of the economy,” which is essentially what happened in the housing crisis. So I wish — it would have become law anyway. I wish I had vetoed that and sounded the alarm.

Academy of Achievement interview source ↗

Others on this question

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I would build relationships. I would remember people’s significant moments. I would not fear closeness.
Recorded The Q&A, The Guardian, 14 October 2023 source ↗
Shaun Ryder English singer
The 12 years I spent in receivership. That was me being a dick. I lost the court case when I wanted to sack my management and had to pay them £120,000. I said, “I am not paying you, because I should have won.”
Recorded The Guardian, The Q&A, The Guardian, 5 August 2017 source ↗

More from Bill Clinton

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Question Which book changed the way you think, and what did it change? Taste & recommendation
Oh, yeah. I spent a lot of time in the public library. When we moved I was seven years old, and I got a library card, and I used to go to the library all the time, and I loved all the, you know, standard children’s novels. I love those Biblical epics, but my favorite books when I was a child were books about Native Americans: tribal leaders; Osceola, who brought the alphabet to the Seminoles; Chief Joseph of the Nez Perce; and the standard ones that were heroes in all the Western movies. But I was fascinated. The Cherokee had moved across my state on the Trail of Tears when they were expelled from the East and then moved over to the reservation lands. I became fascinated with what happened to the Native Americans and the struggle that many were undertaking then — and they still try to preserve their traditions and their way of life, their ties to the land, and still provide education and participate in the life of the country. I was interested in it then. I’m interested in it now. The Native Americans in our country who don’t have casinos on their tribal lands still have the lowest per capita income of any ethnic group in America. It’s a disgrace, and when I became president I was the first president since James Monroe in the 1820s to invite all the tribal leaders to the White House, and it was fascinating. Some of the ones who came from lands that had casinos flew in on their private jets. A lot of the others had to pass the hat in the reservation to raise enough money to pay for a plane ticket, and they all came, and we began to meet, and I learned a lot from them.
Recorded Academy of Achievement interview source ↗
Question What is one of the best or most worthwhile investments you have ever made — of money, time, or energy? Money & investment
My job was basically to be a delivery boy for all kinds of things, but they also — because I was at Georgetown and studying international affairs, I was assigned to read six newspapers a day and clip the most relevant articles. This is the technology we used. You couldn’t scan articles. There was no “online.” There was nothing, right? So I would read the newspapers, clip the articles I thought they ought to read, put them on a routing slip, which had on it the names of the senior staff of the committee and all the senators who were committee members. And I would send it to the senior staff, and they would decide whether to send any of them on, but I don’t think I’d have won a Rhodes Scholarship if I hadn’t been a clerk on the Foreign Relations Committee. Nobody else I was competing with read six newspapers a day, and they actually paid me good money to read The Washington Post, The New York Times, The Washington Star, which existed then, The Baltimore Sun , The St. Louis Post Dispatch , and then we alternated — and — oh, and The Wall Street Journal . We read them every day. Those were the six papers we read. I did, and then that’s what the senators got.
Recorded Academy of Achievement interview source ↗
Question Which trait do you most dislike in yourself? Identity & self
I thought that I had lost for a reason, and I thought that I was a little unseasoned and immature, and I had — the way I made decisions my first term, I got a lot done, but I was better at doing what I wanted to do than listening to other people about what they thought I should be doing or how they thought I ought to be doing it.
Recorded Academy of Achievement interview source ↗
Question What keeps you awake at night? Daily life
Now that’s what happens when people go crazy, where the only thing that matters is whose camp are you in, whose side are you on, what tribe do you belong to — where facts and discussions become irrelevant. And it made me wonder whether the way I was raised and all the listening and storytelling skills I learned as a boy would even be relevant today. They’d be good if you’re in. They’re still really important to getting anything done, but if you live in an environment where everything is a litmus test and everything is a-hundred-to-nothing, and the only thing that matters is feeding your resentment, and anger blinds you to answers, and being very sanctimonious somehow proves your sincerity and authenticity, it’s really hard to get anything done. It’s a whole new challenge now, and that’s why — and the Russians knew that. You know, that’s when they get in here and start fooling with all these politics. They realize you just sort of load it up because once people take sides based on what tribe they’re in then there’s no difference in facts and fiction. There’s no difference in truth and lies. It’s just, does this confirm what side you’re on? And you can’t run a democracy that way. It is utterly impossible to preserve democracy.
Recorded Academy of Achievement interview source ↗
Question What is the most important lesson life has taught you? Time & hindsight
Now, what did I learn from it? I learned that there were people, mostly in the other party, who believe in free trade but didn’t really believe in doing anything for people who lost jobs. That is, every trade deal produces winners and losers, so this was going to work for us in a lot of ways because the Mexicans had much higher tariffs than we did. And because, if you’re a wealthy country, the jobs trade creates pay above the average wage, and often the jobs that are lost pay below. But it’s always assumed that all those people will be retrained and that there will be incentives to invest within driving distance of where they live to create new jobs. And we lost the Congress in ‘94, and I couldn’t get the money, and there was no interest in it until my last year as president when we passed something called the New Markets Initiative. So if I had it to do again, I’d get the money on the front end, and I’d say, “No, no, no, no. I need more money to help the people who will lose the jobs.” I just assumed, I think probably because I had — the Congress was the majority of our party, and also because the people that were for NAFTA, I couldn’t imagine that they wouldn’t want to help the people that wouldn’t be winners.
Recorded Academy of Achievement interview source ↗

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