[Scotswife]

while it is true liberal tend to run to the comfy “regulation” excuse, it is also true that the derivative market - the credit default swaps - amplified the mess that was fannie/freddie.
Maybe amplify isn’t the right word.
They multiplied that problem by a factor of, what? a trillion? a gazillion?

Sometimes there are good “regulations”, sometimes bad.

There is something very odd about the swaps market.
The more I read about them, the more they appear to be a form of insurance fraud.
Fraud is not “free market”
Fraud is fraud.

[WhistlingPastTheGraveyard]

So the cause of the problem was government interference, compounded by the failure to regulate the unintended consequences (deritivates) of their interference.

The bottom line is, government is the root cause of the mess we're in. Something leftists refuse to consider. Instead, they just keep digging.