It has nothing to do wit it. The stupid loans were the result of bank managers getting big eyes during the real estate bubble and thinking there was free money to be made. They were extending loans to anybody that could sign the dotted line, on pieces of property that weren’t worth the loan amount. And then those people couldn’t pay, and then the banks couldn’t sell the property for anywhere near the loan amount, and now they’re going under.
That’s not free trade. That’s nothing even resembling free trade. That’s 100% Home Grown stupidity.
“free trade” rules changed everything. It globalized our domestic economy to the point where it is collapsing. The real estate bubble was created by allowing foreign investment in real estate here. It drove up the prices because the demand became larger than the domestic market would support. Thats where the bankers started seeing billions and trillions of dollars instead of what the domestic economy alone could support. The government illegally complying with ‘free trader’ corporate partners did it.