You're such a sad liar.<quoted text>
I'll repeat it again. Picking your nose is obviously too tempting.
The Democrats, led by President Clinton, loosened requirements for bank mortgage loans and threatened to prosecute banks who didn't comply with the regulators demands.
They continued to resist every effort to rein it in to avoid the impending crisis of which they were repeatedly warned about all the way up until 2007.
Now let me hear you say "DOH!"
Bush had a Republiclown Congress for 6 years.
He encouraged banks to loosen lending rules.
""White House Philosophy Stoked Mortgage Bonfire"
"But the story of how we got here is partly one of Mr. Bushs own making, according to a review of his tenure that included interviews with dozens of current and former administration officials.
From his earliest days in office, Mr. Bush paired his belief that Americans do best when they own their own home with his conviction that markets do best when let alone.
He pushed hard to expand homeownership, especially among minorities, an initiative that dovetailed with his ambition to expand the Republican tent and with the business interests of some of his biggest donors. But his housing policies and hands-off approach to regulation encouraged lax lending standards."