I'm sorry, are you under the impression that there was no bank fraud and then suddenly, the government stopped “watching and regulating” and then there was fraud?
There have always been scumbags trying to defraud people. In the case of Lincoln Savings and Loan, it looks like a bunch of the scumbags were convicted.
I saw what Countrywide was doing - loans at 10X income.
How was that caused by the government no longer “watching and regulating”? What was the Countrywide fraud?
Sure, there was SOME fraud forever, but NEVER enough to put the survival of the country at risk.
I’m sorry you’re unable to understand that some (if not most) people up the corporate ladder got there based on the returns they could bring in to their company. And if making loans MAKES money, and rejecting loans LOSES money, they will tend to go the path of more money - unless they fear someone looking over their shoulder.
You must work for an art studio or something, because the upper level people that I work with look at the bottom-line, and risk is part of that equation, and they take plenty of risk.