It’s not blaming. They are just doing their jobs and filling a market need. It’s clarifying what the chain of command is. There are layers and layers of regulations.

There should have and could have been regulations from the top which would have prevented a housing bubble from happening. It’s not rocket science.

Easy 100% financing should have never existed. It was an accident waiting to happen. It turned the American dream into the American nightmare for some, but did allow others to get their foot in the door of home ownership. It allowed the bubble to get huge in our area.

Many people don’t know what they are “investing” in.
Millions are blindly “investing” via retirement funds, some into MBS and hedge funds and CDO’s.
Today’s High Yield Bonds were called “Junk Bonds” in the 1980’s. Many got rich while many others lost. Genius marketing.

Many are fooled with a false sense of security with their “investment” statements. It goes in cycles. Some people win at the expense of others.

It’s a game of musical chairs, there aren’t enough chairs for everone to be a winner.