You are correct. Clinton deregulated the banks and lending institutions leading to sub prime mortgages which are the cornerstone of the financial crisis and umenployment.The lying bastard still hasnt told the truth about Libya. Ill tell you the truth. Obama is responsible for 4 dead Americans in Libya. Clinton as in William Jefferson, is responsible for letting Bin Laden go after he bombed the World Trade Center the first time and enabled Bin laden to strike again. Obama is a Major Liar. Buh wasnt responsible for the deficit Obama inherited. Clinton was. Bush had no choice but to go to war and protect our national security. And if Obama is still whinig about the deficit he inherited, get a clue that he is not going to do anything but double the deficit again as it exists today if he is re-elected. Obama knew he was inheriting a deficit when he decided to run for President. He is not experienced with budgeting and proof is that he wasted 1 billion dollars on trash tv when people are struggling to make ends meet. Where the hell do you think Obama got all of that money he wasted? From millionare and billionare celebs. How much of a tax break do they get. Who is Obama bullshitting anyway?
GW Bush tried to reinstate the regulations twice during his administrations, but was blocked by a democratic majority.
That is just the timetable fact.