From the start, Bush embraced a governing philosophy of deregulation. That trickled down to federal oversight agencies, which in turn eased off on banks and mortgage brokers. Bush did push early on for tighter controls over
Fannie Mae and Freddie Mac, but he failed to move Congress. After the Enron scandal, Bush backed and signed the aggressively regulatory Sarbanes-Oxley Act. But SEC head William Donaldson tried to boost regulation of mutual and hedge funds, he was blocked by Bush's advisers at the White House as well as other powerful Republicans and quit. Plus, let's face it, the meltdown happened on Bush's watch.
See Bush's biggest economic mistakes.
25 People to Blame for the Financial Crisis - TIME
Under Clinton with a Republican congress, deregulation started to take hold with this idea that if only we had fewer unnecessary regulations, business could flourish. But it was under Bush that deregulation really took off on steroids.
If you ever learned how to use Google, you could actually spend some time learning through some very interesting reading. Don't listen to what you've heard about learning from the GOP. Education is for everyone, not just for snobs.
You could start with:
deregulated wall street and the 2009 crash - Google Search
check out:
what are financial derivatives - Google Search
maybe move on to:
why did lehman bros collapse - Google Search
Believe me, ignorance isn't comforting. It's better to "know".
Making comments like:
I must have missed it, when was the first time they were deregulated?
What did that supposed deregulation do to cause the crash?
should make you embarrassed. I don't know why it didn't, make you embarrassed I mean.