The Federal reserve had nothing to do with Dubya's tax cuts nor with the staffing of regulatory agencies. The whole GOP ethos of fewer regulations, cut taxes and continue to spend and lax oversight is a BIG part of what happened in '08. Speaking of lax supervision, the runup to 9/11 in the summer of '01 was a beauty.
Don't tell me you would be making the same arguments if the Great Recession launched under B. Clinton.
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