Silly article. The author fails to mention the small point about the federal government coercing banks to loan money to unqualified borrowers — forcing banks to engage in practices which they would have otherwise avoided. Under the guise of “fairness” and “diversity” many banks had no choice but to approve loans which were patently risky. The feds didn’t give them an option.
They did nothing, betting instead that when it all blew up they could get a taxpayer bailout.