Gene Green actually said...

In June of this year, the House passed an appropriations bill for the Department of Homeland Security that cut funding for CFATS in half.

Would not lend to each other. Which is why you could not structure a deal with banks to save the auto industry.

At the time the President came into office, the financial system was almost in collapse.

For those who want to--lay all of this at your feet, I have heard a new term called a 'black swan event.'