Umm.. sure. Of course, it was Progressive/Socialist/Keynesian Ideology, otherwise known as "liberalism". Every ill that ever came out of Pandora's Box is traced to Liberalism, of course.Buzzer Sound!!!! Wrong!
The economic disaster can be traced to this: Progressive/Socialist/Keynesian Ideology.
The mortgage market is and was HEAVILY regulated by government. No industry is more regulated than the banking industry and this has been true for DECADES. The government run by foolish libs imposed new rules forcing banks to make bad loans, which benefited mortgage brokers....but what you miss is this all occurred ONLY because GOVERNMENT run by FOOLS made it happen.
Who bailed out the banks, but the foolish progressives running our government.
What philosophy believes government spending will fix the problem? CLUE - it aint Capitalism.
The Congress, the presidents of the past and future, and the private sector have nothing to do with it.
Sure.