Of course it was caused by the financials that got a big injection from the passage of GLB.<quoted text> Lois Lane 59 gets things pretty confused --Government spending had little or nothing to do with causing the 2007-08 financial meltdown and mortgage market collapse--it was the financial chicanery and reckless practices of big banks and mortgage lenders that led to the crisis . Further, I haven't seen any posts by 'Yeah' that claims that it was only Republicans who were to blame for Government not following its regulatory responsibilities of the private financial market system.
But the cons who want to play politics don't see that. And they don't understand what's going on. They don't even dwell on the fact that banking capital ratios were changed simply with a handshake (and I'm willing to bet they have no idea what it means, let alone how it affects a banks solvency.)
And they're so lost, they can't explain how AIG is involved.
For people who claim to know, they really don't!