ThinkCritically
Open to opinion
You see NO one would have purchased the sub prime if they has not hid it into mortgage securities.
Before GLB act a broker had to have certain training and be certified and if they misbehaved ( you know cheated people) they would lose their certification.
WHILE the long years passed under Bush without broker rules that was not the case.
Its how all the bad mortgages got into the triple A rated investments
the whole subprime mortgage boom started with the equal housing credit access bill that was signed in by Clinton....I'm just saying....but of course it is not one man's fault...