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Old 05-18-2008
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Join Date: Apr 2008
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Default Bill Clinton to blame for mortgage crisis?
someone told me he invented the subprime mortgages...Is that true?
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Old 05-18-2008
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Join Date: May 2008
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No, sub-prime lending is not a new phenomenon. It has been around for centuries. What is new is the extent to which regulated commercial banks have gotten involved with sub-prime lending.

Good informative answer here:
http://answers.yahoo.com/question/index?qid=20071130101346AARoBrx
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