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Karen. Youre right about the Clinton administrations hand the disasterous mortgage lending debacle. But dont be too quick to give W a pass. He claims he warned about such a practice. But he didnt do a whole lot to prevent it. Congress or not, he could have done much more to stop that failed policy. And as far as bailouts going to Obamas buddies; first it has to be said that these are Bushs buddies too. The whole practice was initiated in 1913 with the inseption of the Federal Reserve. History documents the fact that the FED is a cartel of private corporations created with the sole purpose of bailing out their cohorts, and squelching competition, all at the expense of tax payers both through income tax and more heinously through inflation. The reason the FED is sanctioned by the government, is because it gives politicians nearly unlimited spending power. You can read all the documented history in reader friendly print in the book, Creature from Jekyll Island, by G. Edward Griffin.
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