Marc,

I can't imagine stomaching 10 minutes of this drivel, but as to Bush's culpability, you bet. His administration failed to provide adequate oversight to the mortgage-backed securities market. But Bush was not alone, the Fed kept interest rates too low, and thus money was ridiculously cheap. Clinton approved the repeal of Glass-Steagall which allowed banks to enter new, and far less conservative territory. Fed Chairman Greenspan encouraged Americans to take out adjustable rate mortgages (while the housing bubble was near its peak). Home buyers thought that prices only go up. Wall Street firms bought and sold securities whose risks could not be adequately determined. Congressmen strong armed bankers to lend to people who were clearly lacking in creditworthiness. It's a long list of contributors, but the American people have to accept responsibility as well. We put these people in office, and are too often distracted by non-issues (flag burning, lapel flags, who you'd like to share a beer with, etc.) and of course it would actually take work to read up on the issues.

This issue cannot be explained by a bumper sticker, or a 10-minute Youtube video.

Peter T.