two or three pages ago I posted my scale of the responsibilities ( which is not mine, obviously, I am not an economist) for the 2008 meltdown
1) the repeal of the Glass-Steagall plus easing of the financial regulations - solely on Clinton Admin
2) the greediness of the financial sector which immediately jumped into the risky business - that is a non-partisan part, however big financial kahunas tend to support Democrats
2) the US Government pressure on the financial sector to "give the opportunity" to un-creditworthy borrowers for mortgages - solely democrats to be blamed for
3)the refusal of democrats to more strictly regulate and oversee Fanny and Freddie - solely on democrats
4) greedy unqualified borrower of the loans he/she can not repay - bipartisan
Now if "the repeal of the Glass-Steagall plus easing of the financial regulations - solely on Clinton Admin". Oh really?
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The Gramm–Leach–Bliley Act (GLB), also known as the Financial Services Modernization Act of 1999, (Pub.L. 106–102, 113 Stat. 1338, enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. With the passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate.
The legislation was signed into law by President Bill Clinton.
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Respective versions of the legislation were introduced in the U.S. Senate by
Phil Gramm (Republican of Texas) and in the U.S. House of Representatives by
Jim Leach (R-Iowa). The third lawmaker associated with the bill was
Rep. Thomas J. Bliley, Jr. (R-Virginia), Chairman of the House Commerce Committee from 1995 to 2001.
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The House passed its version of the Financial Services Act of 1999 on July 1, 1999, by a bipartisan vote of 343–86 (
Republicans 205–16; Democrats 138–69; Independent 0–1),[5][6][note 1] two months after the Senate had already passed its version of the bill on May 6 by a much-narrower
54–44 vote along basically-partisan lines (53 Republicans and 1 Democrat in favor; 44 Democrats opposed
Gramm?Leach?Bliley Act - Wikipedia, the free encyclopedia
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So, as we can see, the bill that repealed Glass-Stegall was named Gramm-Leach-Bliley three Republicans who authored different versions that were merged into the said bill. This bill passed the GOP controlled House and Senate. Yet, it was all Bill Clinton's fault!

Thanks Vox!