Clinton’s claim that the Bush tax cuts played ‘a large part’ in sparking 2008 recession

The Facts

People may have legitimate disagreements on the combination of factors that led to the crisis. But there was a U.S. government commission, the Financial Crisis Inquiry Commission, that in 2011 issued a 663-page report that carefully dissected the reasons for the crisis. The commission was chaired by former California state treasurer Phil Angelides, a big fundraiser for the Clinton campaign.
The findings were not without controversy – four Republican members dissented – but nowhere in the report is there any mention of or blame assigned to the Bush tax cuts. The key summary said:

“While the vulnerabilities that created the potential for crisis were years in the making, it was the collapse of the housing bubble — fueled by low interest rates, easy and available credit, scant regulation, and toxic mortgages — that was the spark that ignited a string of events, which led to a full-blown crisis in the fall of 2008. Trillions of dollars in risky mortgages had become embedded throughout the financial system, as mortgage-related securities were packaged, repackaged, and sold to investors around the world. When the bubble burst, hundreds of billions of dollars in losses in mortgages and mortgage-related securities shook markets as well as financial institutions that had significant exposures to those mortgages and had borrowed heavily against them. This happened not just in the United States but around the world. The losses were magnified by derivatives such as synthetic securities.”

https://www.washingtonpost.com/news/fact-checker/wp/2016/09/30/clintons-claim-that-the-bush-tax-cuts-played-a-large-part-in-sparking-2008-recession/