Originally Posted by Guest

The Financial Crisis was caused by the Regulatory Rules imposed on Banks by the Clinton Administration .

Banks were forced to make loans for home mortgage loans and
installment credit for autos et al essentially without any consideration for the ability of the borrower to repay .

I was in " the first row " as this played out and it was easy to see it coming just as you would a gathering summer storm .

The whole mess just blew up when Bush was in office especially as the 5 year no interest , low payment mortgages repriced and the mortgagees could not make their payments .