“For more on HUD’s role see my “Clinton’s Legacy: The Financial and Housing Meltdown.”
Many people are determined not to see the government’s central culpability in the crisis that produced and continues to produce so much hardship. They rather believe that deregulation and greed were the culprits. But the fact remains: Wall Street couldn’t have done it alone.”
via The Housing and Financial Meltdowns Revisited – Reason.com.