But I thought the left blame Bush for the near collapse of Wall Street five years ago. According to this article the liberals did not want Obama's pick for the chair of the Federal Reserve because of his role during the Clinton administration that resulted in the bailout of AIG.
"And they were suspicious of his role in Clinton-era financial deregulation -- especially the decision barely to regulate financial derivatives at all. That loosed a monster called the credit-default swap that forced the $85 billion bailout of AIG five years ago this weekend, and nearly brought down all of Wall Street with it."
Is it a typo? Did they mean to say "Bush-era" financial deregulation, or are they admitting that the trouble on Wall Street was growing before Bush took office. Will they now admit that Freddie and Fannie, which contributed to the housing collapse, can also be linked to Democrats?
http://www.usatoday.com/story/
"And they were suspicious of his role in Clinton-era financial deregulation -- especially the decision barely to regulate financial derivatives at all. That loosed a monster called the credit-default swap that forced the $85 billion bailout of AIG five years ago this weekend, and nearly brought down all of Wall Street with it."
Is it a typo? Did they mean to say "Bush-era" financial deregulation, or are they admitting that the trouble on Wall Street was growing before Bush took office. Will they now admit that Freddie and Fannie, which contributed to the housing collapse, can also be linked to Democrats?
http://www.usatoday.com/story/
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