What about all those millions of bad subprime loans that originated in 2002-November 2006 when the republicans controled the House and Senate???
The republicans are just as guilty. It was greed. Plain and simple.
You do understand the difference between a slight majority in the house and senate and actually being able to force legislation through, right? A republican minority in 1993 was able to prevent clinton and a "democrat-controlled" congress from passing hillarycare. The democrat minority in 2003 was able to prevent W and the GOP congress from implementing the regulatory reforms that could have prevented today's fiasco.