Do any of you out there know where this current housing crisis started at? What events caused it to happen? There is one particular event in recent history that happened that made it possible. Bill Clinton repealed a law...I forget the name of the act but some of you out there may know it...created in the 1930s or 20s to prevent the housing crisis today. I am by no means a fan of George Bush but to lay the current mortgage crisis at his feet is an absurdity. Bill Clinton is responsible. He repealed the law in his last days in office that allowed the current crisis to unfold.