[elpadre]

Is it true that Clinton placed his people in charge of these two agencies before leaving office and they in turn led the agencies into bad banking practices lining their pockets??

[BatGuano]

There was a post, to that effect, of July 20, 2008. An article from The Economist of 7/17/08. that describes the eventual plunge of the two Gov’t Agencies that have let us all down. Raines and Gorelick were two of many Clinton appointees who have enriched themselves.

Unbelievable banking practices are more like it in this case. Basically they have built a house of cards with derivatives and, with the slump in real estate values, we are in for a rough ride. Is it this President's fault? No, not entirely, he inherited crooks that should have been fired and he did not have a magic ball to tell him that or how and when the bubble would burst.