As Bill Clinton collects his accolades, let's recall: the key decisions that inflated the housing bubble of the 2000s - and that laid waste to the US economy in 2008 -- were taken under Bill Clinton's administration: the decision to leave derivative trading unregulated, the decision to allow deposit-taking institutions to engage in proprietary trading, the pressure on banks to relax mortgage lending standards, the decision to allow Fannie Mae and Freddie Mac to grow enormously large...
Published on September 06, 2012 06:30