[quote=CA renter]
Again, the reason for the lower underwriting standards was the desire/need to take on more risk (because of the low rates/Fed). Changes in mortgage securitization and derivatives enabled the lending standards to fall through the floor…and allowed the credit rating agencies to give the products high ratings. Everybody was making speculative bets because everybody was looking for higher yield/higher-risk “financial innovations.”

[/quote]

This makes no sense whatsoever. Three sentences and three claims of “a caused b”, “a enabled b” and “a because of b”. Yet there is no nexus between any of the “a” and “b”.