The trouble with delusional theories is that they always fail.
You neglected the possible alternative: since criminals have too many rights, there is literally nothing for the fake mortgages scam to occur all over again.
Specially if Bawney Fwank and henchmen insist that making unsecure bad mortgage loans is a necessity, and eliminating that possibility is "mean-spirited."
Remember, that the making of bad and unsecured loans was a federal requirement by law, failure to comply punishable by fines and jail time, and no one has suggested fixing that.
Yes, there is. Shareholders have been burned, and bad. They will be extremely leary of entering the same burning building twice.
and no one has suggested fixing that.
No one has suggested any future legislation lately. The one currently on the table (to pull us back from the abyss) is keeping legislators up 24/7 as it is.
I think everyone knows that one is soon to be addressed.
Seems like this would be like price controls on gasoline. If the government mandates that banks have to make bad loans, the only choices are either the banks won't make any loans at all, or the government has to pay for them.