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Did the gooberment force them to do that? Nope.

The gooberment forced a no-win scenario on banks, which were thus happy to outsource their problems to someone who would accept responsibility. Concentrating no-win issues is ripe for abuse, both malicious and fearful.

OK, we know this and have been over it. Government demanded unrealistic requirements, "crony capitalists" abused it, stuff broke. Blame is both due and pointless. Some reason you're berating fellow FReepers with the subject?

>>The gooberment forced a no-win scenario on banks,

That may be the RINO "Fiscaly Conservative" party line -- but the reality is there are smaller regional banks and credit unions who stayed completely out of the Subprime bidness; who never took a dime of TARP money, and who are still doing just fine.

Meanwhile, the FreeTraitors, the Merchants who love their Dishonest scales -- were operating under the assumption that the rules were thus:

"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission [CFTC] -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says. "That puzzled me. What was it that was in this market that had to be hidden?"

http://www.pbs.org/wgbh/pages/frontline/warning/view/

"crony capitalists" abused it

But CTDonath2 says there was no fraud. Uhuh.

"As a 19 then 20 year old boy, my managers and handlers taught me the ins and outs of mortgage fraud, drugs, sex, and money, money, and more money. My friend and manager handed out crystal methamphetamine to loan officers in a bid to keep them up and at work longer hours. At any given moment inside the restrooms - cocaine and meth was being snorted by my estimates more than a third of the staff, and more than half the staff manipulating documents to get loans to fund and more then 75% just completely made falses tatements on 1003s regarding stated income etc to get loans funded. A typical welcome aboard gift was a pair of scissors, tape, and white out, three things a loan officer or financial professional should never need.."
---Fugitive financier arrested at U.S. border
http://www.freerepublic.com/focus/f-news/2184646/posts

Quack, Waddle - FRAUD.

And on the subject of "scissors, tape, and white out," -- tell us CT, which branch of the evile gooberment forced folks in those "not" fraudulent enterprises to invent the behavior that's now known as ROBOSIGNING, hmmm?

http://www.google.com/#hl=en&sugexp=les%3Bcaqth&gs_nf=1&cp=6&gs_id=2y&xhr=t&q=Robosigning

Is robosigning Fraudulent? Does your NewSpeak Dictionary, 2012 edition, have some other word for Fraud?

Quack Quack Quack.