Editor’s Note: Coauthored by Stephen Moore.

We are going to reveal the grand secret to getting rich by investing. It’s a simple formula that has worked for Warren Buffett, Carl Icahn and all the greatest investment gurus over the years. Ready?

Buy low; sell high.

It turns out that Donald Trump has been very, very good at buying low and selling high, and it helps account for his amazing business success.

But now Hillary Clinton seems to think it’s a crime. Campaigning in California last week she wailed that Trump “actually said he was hoping for the crash that caused hardworking families in California and across America to lose their homes, all because he thought he could take advantage of it to make some money for himself.” She’s assailing Trump for being a good businessman — something she would know almost nothing about, because she’s never actually run a business, though she did miraculously turn $1,000 into $100,000 in the cattle futures market many years ago.

Clinton’s new TV ads say that Trump predicted the real estate crash in 2006 (good call) and then bought real estate at low prices when the housing crash, which few others foresaw, came in 2008. Many builders went out of business during the crash, but Trump read the market perfectly.

What is so hypocritical about the Clinton attacks is that it wasn’t Trump but Hillary Clinton, her husband and many of her biggest supporters who were the real culprits here.

Before Clinton is able to rewrite this history, let’s look at the many ways the Clintons and cronies contributed to the Great Recession.

The seeds of the mortgage meltdown were planted during Bill Clinton’s presidency.

Under Andrew Cuomo, Clinton’s secretary of Housing and Urban Development, Community Reinvestment Act regulators gave banks higher ratings for home loans made in credit-deprived areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn’t comply with these rules, regulators reined in their ability to expand lending and deposits.

These new HUD rules lowered down payments from the traditional 20 percent to 3 percent by 1995 and zero down payments by 2000. What’s more, in the Clinton push to issue home loans to lower-income borrowers, Fannie and Freddie made it a common practice to virtually end credit documentation, low credit scores were disregarded and income and job history was also thrown aside. The phrase “subprime” became commonplace. What an understatement.

Next the Clinton administration’s rules ordered the taxpayer-backed Fannie Mae and Freddie Mac to expand their quotas of risky loans from 30 percent of portfolio to 50 percent, as part of a big push to expand home ownership. Fannie and Freddie were securitizing these home loans and offering 100 percent taxpayer guarantees of repayment. So now taxpayers were on the hook for these risky, low down payment loans.

Tragically, when prices fell, lower income folks who really could not afford these mortgages under normal credit standards suffered massive foreclosures and personal bankruptcies. Many will never get credit again. It’s a perfect example of liberals using government allegedly to help the poor, with the ultimate consequences being disastrous to them.

Additionally, ultra-easy money from the Federal Reserve also played a key role. Rates were held too low for too long from 2002 through 2005, which created asset price bubbles in housing, commodities, gold, oil and elsewhere. When the Fed finally tightened, prices collapsed. So did mortgage collateral (homes) and mortgage bonds that depended on the collateral. Many bond packages were written to please Fannie and Freddie, based on the fantastical idea that home prices would never fall. Fannie and Freddie, by the way, cost the taxpayers $187 billion.

Just to make this story worse, Sen. Hillary Clinton and Sen. Barack Obama voted to filibuster a Republican effort to roll back Fannie and Freddie. But on top of all this, while Clinton was propping up Fannie and Freddie, she was taking contributions from their foundations, as a Washington Times report concluded.

“Freddie Mac and Fannie Mae’s political action committee and individuals linked to the companies donated $75,500 to Mrs. Clinton’s senatorial campaign,” according to the Washington Times. “Freddie Mac also gave the Clinton Foundation a $50,000 to $100,000 donation.”

To be clear, there was plenty of blame to go around among both political parties and the horde of housing lobbyists who helped set up this real estate house of cards. It’s a sordid story with plenty of blame all around. And the Fannie/Freddie story is still not solved. It now includes profit sweeping from shareholders to the government, thereby ending any chance to sell the mortgage agencies back to the private sector.

Meanwhile, Clinton’s attempt to blame Donald Trump is utterly absurd. Buying low and selling high is not against the law. In fact, Trump’s investment acumen may serve America well in the not-too-distant future.

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