David Thompson (Link leads to a video; however, there's no transcript that I can find):
And Thomas Sowell on government interference, irrational taxes and how to create an economic crisis:To be a masterful politician you have to have a lot of brass. It takes an incredible amount of brass for Bill Clinton, who was the biggest factor in creating the housing boom that led to the bust that brought down the whole economy, [to blame Republicans for that crisis]. It was during the Clinton administration that the federal government forced lenders to change their lending standards, which had been in place for decades and had made real estate one of the safest investments around, to bring those standards down in order that they could get the numbers that they wanted for low income, minority mortgage applicants. Attorney General Janet Reno, under Clinton, threatened lenders with legal action from the Justice Department if their numbers - in terms of minority groups and income levels of people who were approved - didn’t fit her preconceptions. The Housing and Urban Development programme, under Clinton, made law suits against lenders, charging them with racial discrimination based solely upon statistics. The government was forcing people to lower the lending standards that had existed for years, and [afterwards] they said, “Well, the problem was greed.” You don’t satisfy greed by lending to people who can’t pay you back.