It's going to be dark for a long time, Bruce. Not just about the financial crisis, but about anything political. The time of Woodward and Bernstein and Deep Throat is long gone. Well, maybe not completely gone since it was a Republican President that they took down. But considering the amount of respect that was given to the President and members of his Administration as well as to members of Congress - just because of who they were, not dependent on their political philosophy.
The only thing is that he is actually wrong about when it started - the beginnings of those regulations actually started under Carter, continued and grew under Reagan and Bush 41, but then were expanded to the point of the catastrophe that is our current financial crisis under Clinton. The truth would take a whole lot more than one column to explain, which is probably why he went for the condensed version. But it's not all the Democrats' fault, though in the time that it was the worst and could have been fixed it was the Dems who blocked any possible reformation of the regulations. And I'm sure that not all Republicans wanted to reform the regulations and hold Fannie, Freddie and the banks accountable for the horrid accounting practices that made this possible.