Yer right...it usually take 8 or 9 years.
Who was president 8 or 9 years prior to 2008....hmmmmmm.....
Hey , not bad.
It did start with the repeal of the last reminents of the Glass steagal act.
That was written by Phil Gram and touted as a nessesary modernization of the banking industry.
Many dems were convinced by Gramm that he was right and voted for it, then Clinton signed it also being convinced that Gramm knew what he was talking about.
Gramm then left the congress for a sweet ass job from UBS bank who benifited GREATLY from the law.
That was late 1999.
Then Bush and the Rs took over and refused to make the nesessary regulations to stop the horrible results that the law was causing in practice. It allowed the lending industry to HIDE the trash they were selling as triple a investments. Then the whole game collapsed as I and many others told you for years would happen.
The dems tried to do things to avert the mess but did not have the votes to change what would have come to late anyway.
DEREGULATION caused this mess and its a republican hard held tenent