Quote:
Originally Posted by elphenor
Clinton did deregulate the banking industry in a way that's largely been credited to causing the fallout in the recession
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They both did. I guess Bush actually wanted to add regulations but couldn't because they wanted to strike a deal to push it through.
*Wouldn't.
Edit: I'm reading an article about it that says Bush was really trying to push for getting as many home owners as possible especially for minorities and he didn't think it should be regulated. In regards to the act that Bill pushed he did want to add regulations because he foresaw what they'd do but wasn't willing to cut a deal to push it through. It's definitely both administrations.