Want to make a guess which of the two political parties in the USA was behind “Laws enabling loans to people who would otherwise not qualify was all of a sudden OK”. Who do you think supported Freddie and Fannie who wrote the rules of the MBS game.
Hint: They went on to write the post collapse “cure” to the problem “Dodd Frank”.
Now we have the Maxine Winters of the world Calling for the same programs at the exact same point in the economic cycle. just in time for the economic shift so a bunch of folks who are socioeconomicaly challanged are he ones holding the bag again.