Read up on the Savings and Loan crisis and you will know why the banks expected Government intervention on their side. I personally favor execution of the corrupt bank officers who brought us this mess. Attacking the FED as if they authorized this corruption is wrong. Congress deserves the blame for the corruption that was allowed to run rampant in the finance industry. There is no excuse for relaxing the oversight of banking, knowing their horrible track record for abusing rules and regulations to make a quick profit. Blaming the Clinton administration is wrong. most of the gross violations occurred in the time period of the period of 2002-2007. At the time I told my wife that when you see all of these minorities getting preapproved loans, you know that there if no oversight of banking, just like there was no oversight of the Savings and Loans in the 1970's.