the govt didn’t force the bank to make risky loans. the govt said ‘redlining’ as a method wasn’t ok.
the banks had a fiduciary responsibility to make responsible loans. but the banks, along with the appraisers went spring break mad.
they stuffed their pockets full of tax payer money and made loans to everyone that could sign a piece of paper. then when it all went to hell in a handbasket, we bailed ’em out again.
and nothing has changed yet, as those bad loans are wrapped up with opaque paper.
deregulation, bad regulation, and politicians and bankers are all to blame, along with people who signed up for the bad paper.
and a bunch of them belong in jail.