We inherited our financial problems from the Bush administration. It was greed and capitalism run amok that caused the economic crisis. Bush never listened warnings about the subprime mortgage problems. The Republicans only care about rich people.
The mainstream media is following the wishes of Obama and the Democratic Party and is rewriting history. The fact is that the Bush administration, beginning in 2001, tried a number of times to reform Fannie Mae and Freddie Mac, which were heavily regulated by the government. Further, lawsuits by groups such as ACORN forced banks to make loans to people who could not repay the loans.
Here's a condensed timeline from FOX News about Bush's efforts to rein in Fannie Mae and Freddie Mac and how the Democrats blocked them at every step.
Here's another video on Democrats obstructing reform for Fannie Mae and Freddie Mac:
And yet another video showing the CEO of Fannie Mae calling Democrats and Obama "family:"
Finally, here is Mark Levin explaining how Democrats caused the market meltdown: