David Weidner from MarketWatch has dubbed former President Bill Clinton the Come Back to Haunt Us Kid for his role in the financial troubles at the core of our recession. Weidner point to three Clinton missteps that helped sink America's economic boat:·    Changing home sale taxes to encourage housing speculation.·    Sitting silent when the New York Fed rescued the highly leveraged derivative trader Long-Term Capital Management. (Who knew the Fed has been playing the bailout game for so long?)·    Repealing Glass-Steagall (a law that separated savings and investment banks).This analysis takes the Barney Frank point of view that the financial crisis was caused by deregulation. That idea is valid inasmuch as we recognize that it was government that needed to be regulated.We usually think of regulation as government dictating what risks the private sector is not allowed to take. In the case of the housing boom and bust...(Read Full Post)