Financial Crisis commonsense answer?
Was it more the unethical exploitation, non-regulation and the turning of heads by people in power who knew it was a time bomb that would lead to global markets getting infected by “bad loans”. Everyone knew what was happening, the practice continued. this suggests regulation had dropped and these “bad” loans were shuffled in to global markets intentionally. Regulation of OUR financial markets is the administration’s responsibility, therefore this crisis is a baby of this administration, planned.. what’s next.
Was it the bill itself, making it possible for lower income even welfare recipients able to get a mortgage. Was it the poor that caused global financial turmoil?