Yes, it’s true. Just ask Andrew Bolt, who writes today that: 'You see, this crash wasn’t really caused in the first case by bankers’ greed. Or not by their greed alone. 'The “greed” that started it was that of poor people in the US who wanted a house and took out home mortgages they had little hope of repaying. 'What helped them to get these ninja loans - loans to people with no income, no jobs and no assets - were tough rules pushed through by then-president Bill Clinton forcing banks to issue more loans to minorities, or else. 'And financing and guaranteeing many of them were two semi-nationalised mortgage wholesalers, Fannie Mae and Freddie Mac, which were excused some of the tougher capital requirements of banks, so greedy was Clinton for success.'Bolt, of course, keen to absolve bankers from their responsibilities and markets from failure, sells short a whole range of factors that underwrote the crisis, such as the overleveraging of sub-prime based financial products, the anti-regulatory zeal that prospered under the reign of Greenspan, the excessive risks taken by bankers in the search for market share and new markets, and, yes, their drive to pile a bit more on those bonuses they have so craved. Read more . . .