the fraud was done by carter (cra) and clinton (reno) by forcing loans to be made to unqualified buyers - all else is distraction
This is one idea that I cannot agree with.
Three large banks, Wells Fargo, US Bancorp, and JPMorgan Chase made virtually no subprime loans. They were not bothered in any way by the government, but stock analysts ridiculed them for being too stodgy and conservative.