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NW Indiana | Sub prime loans mandated by the community reinvestment act began the problem. In 1995 Clinton took it from a required 45% to 48%. If bush has any blame in the financial crisis it would be when he upped it from 48% to 52% in 2002 or 03 I don’t remember. One probably would have a descent argument that Clinton and bush both were forced to keep the ball rolling. The domino could have easily fallen during Obama’s term instead and your graph would be drastically different. It was the worst government regulation to date, Obamacare will likely challenge that title. | |
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Stock market?
