As for giving Bush a pass on the Housing crash, many of us have not. Yes, he inherited the bubble from Clinton and his wonder boy Andrew Cuomo. But he only rode the wave, rather than making any legitimate attempt to stop it. Bush deserves more blame than Clinton. Glass-Steagle was not the culprit. The huge expansion of Fannie and Freddie was. The bubble was independent of Glass-Steagle. It was the stuff of hyper-inflation in housing. The bubble attracted every financial rat out there. Glass-Steagle only allowed more pigs at the trough, but make no mistake, that trough was going to be full with feeders regardless. And the bubble was going to burst regardless. And folks were going to be underwater regardless.