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The question

If you could revise one chapter of 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.

You answer as yourself. Nobody on FLAPSS answers as anybody else.

Bill Clinton

42nd President of the United States, 1993–2001

Recorded 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

View all 203 →
Douglas Stuart Scottish fashion designer and novelist
My mother and my brother would still be alive. So much of my life has been coping with the grief of losing them.
Recorded The Guardian, The Q&A, The Guardian, 22 April 2023 source ↗
I wouldn’t change anything. When I was 29, my first husband died, so I learned a new way of thinking about life, which is: there are many things that you can’t control.
Recorded The Q&A, The Guardian, 23 September 2023 source ↗

More from Bill Clinton

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Question What does everyone in your world seem to agree on that you think is wrong? Values & belief
If I had to make the welfare decision again tomorrow, I’d sign it again tomorrow. We had a 60 percent reduction in the welfare rolls. We had an enormous percentage of poor people move into the workforce, start middle-class lifestyles, and when we had a brief tech recession of six months in 2001, after I left office, people who had moved from welfare to work were less likely to be laid off than the general working population. So I would do it again.
Recorded Academy of Achievement interview source ↗
Question What does happiness look like for you when life is going well? Identity & self
Yeah. I’m the luckiest person who ever lived, you know? I worked hard, like a demon. Some would say too hard from time to time, and I over-married, and I had a magnificent child. I have been incredibly fortunate, but I had the American Dream, and it didn’t matter to anybody that nobody in my family had ever been to college.
Recorded Academy of Achievement interview source ↗
Question What is the hardest thing that has happened to you, and what did you carry out of it? Failure & regret
And because Fulbright was the chairman of the committee he had an automated — some sort of automated device that allowed the Pentagon to send him, every day, a list of the people who’d been killed in Vietnam from Arkansas. So I would go check it every day. Four of my high school classmates were killed, including, as I said, the son of my guy who was my Sunday school teacher for nine years. And I also knew, because I had to carry the stuff around, that not everything the government was claiming about the progress on the battlefield was true, and it’s kind of a crazy burden for a kid my age. I felt guilty I wasn’t there, and it felt futile to go. It was an awful feeling.
Recorded Academy of Achievement interview source ↗
Question What fills you with the most pride? Identity & self
I’m most proud of the fact that we produced broad-based prosperity, where the incomes of the bottom 20% rose more percentage-wise than the incomes of the top 20%, about the same as the incomes of the top 5%. That was across all racial groups, all regional groups, and all income groups, and that we did it while eliminating 600 billion dollars in national debt. And I put America on a path to be debt free so that we’d be able to embrace the challenges of the 21st century, and I think that at a time of yawning inequality, having inclusive prosperity is very important to building support for inclusive societies.
Recorded Academy of Achievement interview, London, England, 18 October 2017 source ↗
Question What are you best at that nobody watching would notice? Craft & work
Well, it wasn’t a game to me. We were taught, interestingly enough, given the current state of political affairs, that you should try not to hate anyone, that hatred was a sickness and a weakness, and that there were very few people who were completely evil, so you should go out of your way to figure out what makes them tick and see if you can find some way to communicate with them. I learned that more with my family — even before I was old enough to know what I was doing —when I was eating meals, my grandmother’s brother and his family had — they had four kids, and they always fed a lot of people, and we ate there a lot, and they would talk about whatever had happened that week. And the kids could talk, but they had to prove they could listen first, so before I could tell a story I had to recount what I had just heard, because if you weren’t listening, nobody wanted to listen to you. And it was like a primer in human nature, and I was fortunate in having people all along the way who tried to help explain other people to me, and I developed an obsessive interest in doing it.
Recorded Academy of Achievement interview source ↗
Question What is the biggest professional obstacle you have faced? Craft & work
I do think my mother had a lot to do with that. I mean, after all, you know her — it was not near as bad as having your husband die in a car wreck after — he survives World War II. They had a great life planned, and he gets killed in a car wreck, not because of a concussion, but because in a fluke, the tire blows out on his car. He’s thrown out of the car. He lands in a ditch in a field, and the ditch is full of water, and he can’t get out of the ditch before he drowns. There’s — it made it look a little whiny for me to be all bent out of shape about losing an election, and I realized that it was a weird deal. It was 1980. It was Reagan’s election. It was a period not unlike now, widespread resentment over the stagnant economy, the Iran hostage crisis, and I bet I had a hundred people coming to — I’m not exaggerating — coming to me and saying, “God, Bill, I didn’t know you were going to lose. I just voted against you to because I didn’t like some of the things you’d done.” And I remember once — one of the funniest things that ever happened to me. I was driving over to see my mother. I lived in Little Rock, and she lived in Hot Springs 50 miles away, and in the middle of the trip was a little country store owned by a guy who ran the elections in that area and was real smart, so I went in to get a Coke, and started talking to him. And this little boy came up to me in overalls, and he said, “You’re Bill Clinton, aren’t you?” I said, “Yes.” He said, “I helped to beat you. I cost you 11 votes, and it was no accident.” I said, “You did?” He said, “Yeah.” He said, “It was me, my wife, our two boys and their wives, and five of my friends. We just decked you.” I said, “Why’d you do it?” He said, “I had to because you raised my car tax. The car license.” And so we’re standing on the interstate. I said, “Look over there. You remember when I was governor? That highway broke wide open, and even big trucks were off in the ditch, and I had to send the National Guard down here to clean it up, and we had to fix it.” He said, “Yeah, I remember. I don’t care. I still didn’t want to pay it.” So I was laughing at the guy, and I said, “Let me ask you something.” I said, “If I ever ran again, would you vote for me?” He said, “Absolutely.” I said, “You would?” He said, “Sure. We’re even now.” And I went — and there were no cell phones, so I had a dime. I went and put it in the payphone, and I called Hillary, and I said, “You know, I’m not dead yet. We might have to run again.
Recorded Academy of Achievement interview source ↗

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