They did...see what happened?
The gov't doesn't "have" to do anything not dictated by the Constitution. We forgot that a hundred years ago and it's now biting us on the ass. BTW: Would the banks have otherwise made these loans without gov't intervention?
“Would the banks have otherwise made these loans without gov’t intervention? “
Easy question. YES. That’s what the Great Depression was about. And once we peeled back those regulations 70 years later...same result, the bankers COULD NOT control themselves.