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People want to blame the govt, but the govt was only doing what the banks paid them to do. Even if this were true -- and it isn't -- you'd be saying that banks bribed government officials to be allowed to make loans that they knew could not be repaid. Why would a bank do this? Pay money to the government so that they could LOSE money on bad loans? Really? And even IF what you say were true, the more unethical behavior would be the behavior of the politician TAKING the bribe more than the bank making it. I'm sorry you feel you were screwed by some bank or another. I surely can't say that that doesn't happen, either through incompetence, stupidity, or greedy design. But that doesn't make true what you say about the reasons for the housing collapse, financial crisis, or recession.

The banks put people tied to govt officials on their Board. They paid those people. They all lobbied the govt to get laws passed which allowed them to make loads with little oversight.

They made huge profits during the boom time. That is all they cared about. Look at Countrywide, once they collapsed the guys moved on to the next fraud. Meanwhile the govt hires some of the other leaders of the fraud and make them Sec of Treasury or executives in the Fed.