The economics doesn't just stop and start with administrations. Of course Clinton isn't the scapegoat, but he did have a part.
It was he who placed his cronies at the head of Freddie Mac and Fannie Mae. Rove says that Dodd and Frank obstructed something that Bush was trying to prevent, but that's not good enough either. Let's not pretend that dems are all innocent in this and that there isn't blame to be spread equally. The Dems control all of these committees in the Senate that oversee. The SEC is a commisssion where the Reps are in the majority.
Neither group can claim clean hands.
"Obama has authored two memoirs but not a single major law or even a reform, not even in the State Senate." ~Sara Palin