Bill Clinton and get us houses, and take care of family members." Various colleges and universities have awarded Clinton honorary degrees, including Doctorate of Law degrees and Doctor of Humane Letters degrees. He is an Honorary Fellow of University College, Oxford, which he attended as a Rhodes Scholar, although he did not complete his studies there. Schools have been named for Clinton, and statues have been built to pay him homage. U.S. states where he has been honored include Missouri, Arkansas, Kentucky, and New York. He was presented with the Medal for Distinguished Public Service by Secretary of Defense William Cohen in
Presidency of Bill Clinton the Clinton administration, who believed that the U.S. financial industry needed looser regulation in order for it to remain competitive. The bill passed both houses of Congress with only minimal resistance. Opposition to the plan came primarily from liberals like Senator Paul Wellstone, who feared that looser banking regulations would lead to financial crises. Shortly before leaving office, Clinton signed the Commodity Futures Modernization Act of 2000, which deregulated trading of derivatives. The bill also included the "Enron loophole," which lessened regulation of energy trading by companies such as Enron. Clinton also signed the Telecommunications Act of 1996, which represented