Many developers THINK they know everything when in reality they only know how to cut-n-paste.
IOW, you’re just not going to face the facts and acknowledge that major players in the Sub-Prime / Shadow banking industry were...gasp... Unregulated.
Doesn’t do much for your credibility.
Does your wife make you wear ACME floaties when you go “Drift Diving” in the bathtub, Wiley?