The number of arguments I have had over this issue surpasses any other. The number of decent people who truly believe this was caused by deregulation and a lack of gov't control is enough to make anyone vomit.
The poor farmers with their sixth grade educations that I knew fifty years ago would be astounded to learn that there are people in this country today who swallow the notion that rich men loaned money to people who had no hope of paying it back because they are “greedy”. How can anyone NOT see that only government intervention in financial markets could possibly have produced such a mess?