The housing bubble wouldn't have taken off because the economy would have been so moribound that derivatives never took off.
This company was making many BILLIONS (no that was not a typo) when Clinton was president. Lots of other companies copied them. You met the guy who decided who to market to at my wedding.
http://en.wikipedia....eriquest_Mortgage
Ameriquest was among the first mortgage companies to use computers to search for prospective borrowers and to speed up the loan process and was accused of predatory lending practises (sic) by US regulators.
No I did not write that, I'd have fixed the typo.