Originally Posted by mookiemookie

No, it was the lack of regulation that helped fuel the fire. You can save your typing on blaming CRA or whatever debunked party-line garbage that you want to trot out. It was the dismantling of Glass Steagall, the removal of leverage limits on investment firms, the Fed keeping rates at then-record lows for too long, the lack of regulation of derivatives in the Commodity Futures Modernization Act, and the relatively lax-regulated non-bank lenders making loans that would never pay.



Since you don't even understand exactly what FNMA/FHLMC do, I'll skip the well crafted argument and just say you're wrong.