I updated the OP with this link:

www.cbsnews.com/video/watch/?id=6298082n

To try to get more people in the discussion.

I think it is now generally accepted that the real housing crisis came when Clinton (and republicans) began implementing required lending to subprime buyers. Of course banks and lenders promoted the idea to get in on the action. But outside of politics it really wasn't bush that caused the problem. It's to bad too because if we could gotten away from the politics of blaming bush the media may have focused on the real problem of lending to people you should never in any way shape or form own a home.

But it was the deregulations to the stock market that George W. Bush is proud of, that made banks able to make investments in the stock market that they never could do under Clinton.

Some of the new investments that where legal during George W. Bush's presidency could make banks a lot of money if their own homes people were paying mortgages to the bank for where to be in foreclosures across the board, so the banks started investing in the stock market for porfitting off a tidal-wave of foreclosures, and they also kept raising the mortgage every time until each home owner was force to let the bank foreclose on their homes, which made banks a lot of money in the stock market.

In was in a episode of "60 minutes". It was about the housing crash of 2007 and/or something like that.

Dude. You can't just change the title and content of your thread weeks later.

Also, honestly you'll want to provide print sources for stuff like this. Video sources nobody is going to take the time to watch.