Originally Posted by DaddyHalbucks

Bill Clinton did alot of deregulating. He also forced banks to lend money, even to people who could not afford to pay it back.

It was all a house of cards, built on the idea that real estate values never go down. Well, guess what? They did, and mortgages reset at higher rates, and millions of little guys in Cleveland and other cities couldn't pay.

The banking deregulating, allowing for large financial service companies, did not have much to do with the current crisis.