If I understand what heâs saying ..the current economic crises can be traced back to the Reagan Administration. In 1980 they deregulated the Savings and Loan industry ..which put the business of making home loans in the hands of amateurs. Then, in 1987 ..the Reagan Administration had to bail out the Savings and Loan industry when it collapsed under the weight of itâs own incompetence (and unbridled greed). The Federal government allowed the Savings and Loans to package questionable loans, and sell them as stocks ..or mortgage-backed securities. It was mortgage-backed securities that helped make the housing slump of 2006â2007 ..go global in 2008 ..and wipe out investment houses from Bear Stearns to Deutsche Industriebank