Earlier quoted context omitted.
Fanny Mea and Fredy Mac pushed down the cost of housing (the where allowed to directly lend from the fed, that had low intresst rates) and set false insentives to build houses. That (among some other small things) was the big thing that led to the crash. The deregulations allowed banks to be more agressiv, that is only bad if you give them a strong insentiv to be agressiv. Maybe it mad some of them more unstable but…
comments or just downvotes?
I don't tend to respond to ungrounded accusations of bias (and to pre-empt a claim, it does not follow that it's inappropriate to choose not to devote much time listening to members of the Cato Institute on the grounds they are members of the Cato Institute). Good day.