gracheeha

Исполнительная власть и означает, что она исполняет законы, принятые властью законодательной.

Читаем на иностранном языке:

http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932009

"Based on the assumption that sub-prime lending precipitated the crisis, some have argued that the Clinton Administration may be partially to blame, while others have pointed to the passage of the Gramm-Leach-Bliley Act by the 106th Congress, and over-leveraging by banks and investors eager to achieve high returns on capital.

Some believe the roots of the crisis can be traced directly to sub-prime lending by Fannie Mae and Freddie Mac, which are government sponsored entities. The New York Times published an article that reported the Clinton Administration pushed for Sub-prime Lending: "Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people" (NYT, 30 September 1999).

In 1995, the administration also tinkered with the Carter's Community Reinvestment Act of 1977 by regulating and strengthening the anti-redlining procedures."

Таким образом, в игре "дадим бедным денег взаймы чтоб всем жилось хорошо" участвовала администрация демократов Картера и Клинтона, а Конгресс тоже руку приложил упомянутым актом -

http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act

"Economists Robert Ekelund and Mark Thornton have criticized the Act as contributing to the 2007 subprime mortgage financial crisis, arguing that while "in a world regulated by a gold standard, 100% reserve banking, and no FDIC deposit insurance" the Financial Services Modernization Act would have made "perfect sense" as a legitimate act of deregulation, under the present fiat monetary system it "amounts to corporate welfare for financial institutions and a moral hazard that will make taxpayers pay dearly".