[the OlLine Rebel]

Walt Williams is my fave along with Tom Sowell.

[TruthWillWin]

A very good explanation of how we got into this mess.

[SunTzuWu]

...and was helped along by the Bill Clinton, George W. Bush and Barack Obama White Houses.

The truth is that the Bush administration repeatedly tried to reign in this madness and was thwarted primarily by Barny Frank and Chriss Dodd. Don't believe me? Look it up. There are even multiple Youtube videos of the hearings for those of you who don't like to read.

[ArGee]

Quantitative Easing Explained

[freekitty]

They did and they have done so on purpose.

[dirtboy]

I'm sorry, but there were plenty of culprits in the private sector as well. AIG. Banks. Ratings agencies. Corporate executives who thought systemic risk was a thing of the past. And millions of homebuyers who failed to educate themselves on the true cost of what they were getting into - and whether they could handle such.

One of the biggest problems with the post-mortems on the financial crisis is that too many people want to limit the blame to one sector, instead of realizing something this screwed up takes many, many culprits at all levels.

[driftless2]

I’m currently reading Paul Sperry’s “The Great American Bank Robbery.” Sperry puts the lion’s share of the blame on Bill Clinton. While he does not absolve Bush II of some sins, he accuses Clinton of starting the whole mess under the guidelines of the CRA (Community Reinvestment Act). Bush didn’t help by trying to relax some regulations, but he also tried to reform the FMs and was resisted by the Dems. But no CRA, no election of Clinton, and the financial crisis would never have happened. Tom Sowell’s book “The Housing Boom And Bust” mostly arrives at the same conclusions as Sperry. Clinton and his AG Janet Reno the arch-criminals here.

[Ohioan]

As usual, Williams is right on the mark.

William Flax

[SierraWasp]

There’s another book that also documents this discussion almost perfectly called “Reckless Endangerment!” It’s never ever gotten enough press or promotion or perusal by enough people!!!