Clinton's legacy strikes again

Sen. Obama and the finger pointing Democrats blame our financial mess on the markets and, as usual, President Bush.

Wrong!

Clinton's Democrats are the real reason.

President Clinton's gang dictated where mortgage lenders could lend and helped create the market for high-risk subprime loans.

The tough regulations Bill's boys enacted forced lenders into high-risk areas where they had to lower their lending standards or face government penalties.

The market was pumped up by greed and too much leveraging in the secondary market for subprime loans because of publicly traded mortgage backed securities. Bill and his bunch were the political force behind this mess. They also mismanaged Freddie and Fannie. This corruption and less that competent management led to government takeover and only our government is to blame. Thanks Bill, your legacy continues to grow.

James A. Wagner

Barrington