It's President Clinton's fault that we had this housing bubble that screw up the economy, or so many of the US economic pundits explain, after all he wanted to have everyone citizen to own a house no matter how credit worthy they were. He even forced the banks (according to these pundits)to give mortgages with little or no money down.
What I don't understand how come the compassionate conservative who ran the White House didn't put a stop to this economic foolishness. Nobody has explained to me why the banks (who were making money hand over fist) tell the president that it wasn't prudent to lend everybody who walked in the door money to buy a house. I also seem to recall Fed Chair Alan Greenspan talking about a bubble, and nobody listening to him, including himself.
So bottom line to these economic pundits, it all those muddle headed liberals in the Clinton's administration fault that we had a housing bubble, without explaining to me what was everyone doing
the seven and a half years after he left office.
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