Name:   MartiniMan - Subject:   Lack of regulation didn't cause the meltdown Date:   3/4/2015 12:30:06 PM

It is undeniable that what caused the metldown is the government distortion of the free markets.  CRA, Fannie, Freddie and the Justice Dept are responsible for this distortion.  If you think subprime lenders would willfully loan to lousy borrowers without that safety valve of govenrment intervention you would be mistaken.  They do so because they can bundle all these subprime loans and sell them to government agencies that want to promote these kinds of loans.  That greedy and not so greedy lenders jump on the bandwagon is a result of the distortion and not the cause.  They are simply responding to the government.