Capitalism as the Solution, Not the Problem by Thomas McNamara

[kbrod7]

While the government guaranteed loans through Fannie and Freddie, the banks lobbied hard for these federal guarantees. You mention Clinton, but Bush Jr. pushed home ownership like a crack dealer. The Occupy people rightfully direct their anger at the banking industry. They were given a 'Bailout' to help Americans in foreclosure, small businesses that had their credit disappear, etc. The banks made investments in the decimated stock market they collapsed, and kept the money for THEMSELVES!

[PetronPendrake]

@kbrod7 Bush tried to stop the downfall. Google me this:

New agency Proposed to oversee freddie Mac and Fannie Mae New York Times

and you will find a news article from 2003 where Bush tried to stop the housing collapse, but the democrats stopped it called it racist and an attack against the working class.

Also look at S.190 Federal Housing Enterprise Regulatory Reform Act of 2005, where McCain and the Republicans tried again to stop the housing collapse... but Dems voted it down again.