It seems to be very profitable to launch joint ventures with government social engineers if you make the right political contributions. Maybe if I slip McCain a few bucks (sorry - I meant "invest in his campaign") and suggest he author a "Clothe the Homeless Act of 2013" with an individual mandate for people to buy from me, I can end up as rich as the banks and the insurance companies. :)
No sir, you are absolutely mistaken. Mortgage backed securities were a problem - LAST TIME. They still happen regularly, true, but it was nowhere near as simple as you made it.
These new intiatives in Dodd Frank are in commercial lending - not consumer lending. And no, they are not typically packaged and sold.