Here’s how the highly partisan, polarized view of who’s to blame for the financial crisis breaks out:
Liberals blame Bush era deregulation which allowed greedy head bankers to run amok.
Conservatives blame poor people, who encouraged Democratic politicians who cater to them to force banks to lower their lending standards. And of course, there’s ACORN.
But those clashing views break down when you look into the history of the fight to repeal the landmark Depression-era Glass-Steagal Act.