Reuters Article - A Puff Piece for Obama

The article fails to mention that Bush had a Democrat Congress the last two years of his term and they are the ones who authorize spending. Also, the whole housing bubble that started in the Clinton years, and helped to create Clinton's surplus, was a sham created by the Democrats promoting mortgages for those that could not afford them. This, through Fannie and Freddie, came crashing down at the end of Bush's term and was a much greater cause of the collapse than the derivatives that Obama is so quick to attack.

Notice the Democrats are not slowing down on the unsustainable mortgages, nor did they include Fannie or Freddie in their Financial Regulation bill, written by none other than Dodd and Frank, the original architects of the collapse.
Read puff piece here.