Why can you still get a sub prime loan?

Sub Prime loans were a huge contributing factor into the mess of the US Economy. Yet they are still available? Why? Why hasn’t congress made this risky lending practice illegal? You can still walk into a bank get an ARM (adjustable rate mortgage or other type of sub prime loan).

Einstein is quoted as saying “Doing thesame thingg over and over and over again and expecting a different result is insanity.”
The American consumer has shown they don’t have the responsibility to read the loan documents they are signing.

Besides I thought it was big banks fault not the consumers?

Keep in mind I feel the consumer is just as responsible for the Economic crash as the mortgage broker and banks.
Yes I do want the government to have less involvement in the private sector. They need to losen their grip with their taxes.

But I think it needs to be more that the Government leaves the small guy a lone. Small businesses are gettin screwed by Beauracracts while the fat cat wall street morons don’t have to deal with it.

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