Father Of The FInancial Crisis Billy Clinton: Billy Repealed The Glass Steagall Act On November 12, 1999. This allowed the Corporate Bankers to back mortgages by ”PAPER” Rather Than REAL MONEY. This caused the BOOM as there was no money for the mortgages that were given out through the predatory lending. The Indie Traders knew this and betted against the real-estate market and people like George Soros had a “Good Crisis” of $10 BILION USD. Soros is an already convicted felon in France. Why he is allowed to roam our streets and commit fraud is a question that needs to be answered by the DOJ.