The financial crisis was started due to the record number of foreclosures, and banks going under. This led to credit tightening, and the economy going down the toilet. Who's responsible???? The main culprit, BILL CLINTON!!! He is the creator of "sub prime" lending. It was his administration that pressured the banks in the 90's to lower the standards, so basically anyone that could sign their name on a piece of paper could get a mortgage loan, regardless of whether or not their credit was worthy enough to obtain one. Clinton advocated for that guy with the 500 fico score, who made $8.00 an hour, to get that 400k mortgage, all without having to show any sort of documentation to clearly show that they were wayyyyyyyyyyyyy in over their head to qualify for any mortgage, let alone one for 400k.
Clinton was recently grilled by a Time Magazine reporter as to whether he felt responsible for this financial crisis, by the enactment of his questionable mortgage lending policies in the 90's??? O'l slick Willie got angry with the reporter, and said he didn't feel responsible.
What type of a response would you except from an ignorant, hillbilly, ex-president?
