Yes, we had the CRA and it’s NINJA loans.
Yep, the banks went from reluctant compliance to (thanks to competitive pressure from Countrywide) eager compliance. And when the whole house of cards came crashing down, they were castigated for "predatory lending practices."
No need to wonder why there've been no prosecutions. I'm sure that any eager-crusader Dems have been told - make that shown - that the Dems' own policies were a major cause of the blow-up.
That's the growth vector of the new fascism. If government's your business partner, then government takes the fall with you. It's not as easy for the liberals to use the old dodge as it used to be.