It should be noted that you have not answered post #16.
I suppose ot should be noted I don't live at my computer. Post 16 is good info. Then add the following info:
Clinton vowed to veto the Senate version of the deregulation bill unless it was re-written to include "requirements that banks make loans to minorities, farmers, and others who have had little access to credit." Once added, he signed it. Those changes brought about the subprime.
Republicans made key mistakes in deregulation, and we better learn what happened before we attempt it again.
By deregulating without removing the government safeties which are intended to bail out bad decisions, you get an unbridled industry that feels it can take unlimited risk at no cost.
We are as much to blame as the Dims on this one. We better learn from it this time.