Actually you’re the idiot. Born spotted the rising problem in derivatives and attempted to do something about it.
Two words, moron: "Fannie Mae". And two more in case you're dumber than I thought: "Freddie Mac".
Screw Born and anyone else who fails to blame BIG LEFTIST GOVERNMENT for the mess we're in. The Bush Administration tried to stop the homosexual pervert BARNEY FRANK's banking/loan fiasco but met with nothing but opposition from the Left. Warned about the impending disaster by the Bush Administration in 2004, Barney the Banking Queen declared from a Senate panel: "We see no crisis in the making". When those bums that Barney Frank gave government-backed loan entitlements to could not pay back their loans the banks inevitably failed and the housing industry imploded. The banks had no choice in the matter either, because if refused to give risky loans to the bums they were sued and raked over the coals for massive settlements. This fiasco was government's making.