Sorry PAF, but I'm really disappointed in you! You seem to have forgotten that the last 8 yrs Bush was in charge, what, he couldn't get rid of them? The 2 Fs had been donating money to BOTH parties for years and BOTH parties let them go on their merry ways and, yes, banks did just lend to people who couldn't afford it without legislation (from what I've read in US papers), just the threat of what will happen if they don't lend to the very less well off, claiming it was a form of discrimination not to! In addition to this I don't believe it had to be unlimiting, from what I recall they wanted the lending to these people increased. I bet they just saw the ability to make money in the short term.
As to telling people what you do.....uh!! I just gathered from your posts and other Pruners posts you are ex Mil. Why should that disturb you?