No, what actually happened is that Clinton passed bills that were actually GOP supported ventures, to get lower income people in to homes. This would increase tax revenue, revenue generated by banks, and give people a chance to live the "American Dream". Then, as the Bush admin came in, they loosened restrictions on the banks, with the SEC eventually loosening the requirements that banks only lend out $15 to $1 they have to banks being allowed to lend out $40 for every $1 they had. You just listen to the progpaganda the GOP feeds you. In the end, IMO, you lay the blame squarely on the banks and idiots who took out loans they couldn't afford to pay, to blame politicians is nonsense. Just because you are allowed to do something doesn't mean you should do it. A lack of personal responsibility is why we are here, and, unfortunately, those of us who were smart enough to avoid these situations will be paying for these mistakes for years to come.