You’re right Gandalf, it probably wouldn’t prevented all of it, of the bubble may have been elsewhere.
But I’ll tell you where Gov’t intervention DID help cause this last bubble: the removal of a 15:1 lending ratio limit on banks, and the repeal of the Glass Steagal act.
The Gov’t should stay out most of the time, but there are exceptions.
Our Gov’t however, has a tendency to jump in at the wrong place, wrong time, do the wrong thing, for the wrong reasons, helping the wrong people. If 2 wrongs don’t make a right, imagine 5.