PER MR. CLINTON...the Dems are guilty of not allowing the Repubs to stop this disaster before it happened! Listen to what he says:
http://www.youtube.com/watch?v=XsynspIqAoE&feature=related
ARTICLE:
"Bill Clinton has been getting a lot of press lately for trashing his own party’s handling of the mortgage mess. Last Thursday, he told Good Morning America, “I think that the responsibility that the Democrats have may rest more in resisting any efforts by the Republicans in Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”
Unfortunately, he was fibbing.
He actually set the “standards” that forced Fannie and Freddie to make bad loans. In 1999, the L.A. Times noted that “Under Clinton, bank regulators have breathed the first real life into the Community Reinvestment Act (CRA), a 20-year old statute meant to combat ‘redlining’ by requiring banks to serve their low-income communities.”
The CRA said banks had an “obligation” to lend to “victims of discrimination in borrowing”, meaning low-income people who couldn’t pay off their mortgages. ‘CRA ratings’ are taken into account whenever banks apply to open new branches or merge, and there are fines for non-compliance. The Clinton Administration put out tougher CRA regulations in 1995, forcing banks to issue more and more risky loans."
The difference between Mr. Clinton (whom I voted for) and obama is that Mr. Clinton at least CARES that he made a mistake and CARES about this nation.
McCain crafted a bill in 2005 to FIX this upcoming disaster. The bill didn't make it out of Committee. Guess why? Because the Chairman of that Committee was in the pockets of Fannie and Freddie! 
So anyone voting for obama because they think he is going to fix the economy needs to read and watch video. NOT NBC who doesn't report any longer. They lie constantly.
Go to YOU TUBE and spend some time learning.
