It was stupid to push people by telling them homeownership is the American dream.
However, the banks are the ones that lent to people without checking or caring about their ability to repay the loans.
Please show me the policy that made it OK to lend to people without checking their ability to repay the loan. I worked in that business for 9 years. I dont care how loose things got, everyone looked at the 3Cs.
Again, you are confusing reality with what you hear on the TV and radio.