[usconservative]

Yep—that’s a true, though the mortgage banks piled on by also fraudulently selling a lot of bad, bundled/securitized mortgages into the private market, too.

Absolutely true. now why did they bundle them together to securitize and sell them? To get rid of the financial burden the US Government was trying to force upon them.

Unintended Consequences 'n all that..

[9YearLurker]

But the investment banks were stretching into the business because of the profit feast in mortgage securities. The government wasn’t forcing the likes of Goldman and Bear Stearns into the market.