I agree with your allocation. The “Feds” including a good mix of both parties.
parsy, who can’t figure out how some people don’t get the Wall Street connection
Democrats were responsible for protecting and enlarging Fanny/Freddy to make sure their worthless constituents got mortgages. George Bush’s failure was an idiotic faith in letting letting Wall Street do whatever it wanted. Letting Wall Street run wild with mortgage securitization and credit default swaps. The theory being that this is the free market at its finest
Alan Greenspan with his super low interest rates is another villain. Wall Street itself should get the most blame. They took the most loot home. Barney Frank didn’t get rich off this mess. Banksters got rich. Mortgage brokers got rich. I’ll bet most of those independent mortgage brokers aren’t even in business anymore. The ones who gave out mortgages with zero documentation...That Wall Street immediately took off their hands and securitized and sold.