The Housing Collapse Of 2005 Part II of III The Bush Administration simply followed the lead provided by its Predecessors.  With the elimination of Glass Steagall, the easy money kept flowing.  Ian Greenspan kept the Interest Rates low.  The Bush Administration mostly ran interference against any form of oversight, or actively encourage irresponsible Lending. In a pure economy where Interest Rates are determined by the risk presented by Lenders of real money, to Borrowers, any form of government “oversight” or regulation would be probably mostly Read More +

Bill Clinton, Bush, Bankers and Servicers, Et Al Part I of III Bill Clinton, during his tenure as President of the United States, signed numerous pieces of Legislation that ultimately lead to the Housing Bubble and its eventual rupture, and the loss of millions of homes by some homeowners, and the reduction of the values of many millions of other homes, in the United States.  Mr Clinton signed the Gramm-Leach-Bliley Act which essentially repealed the Glass-Steagall Act.  The Glass-Steagall Act was considered an important part Read More +