The reason we are in this mess is allowing of sub-primes to the general population, relaxing the the debt-to-net ratio for some institutions from 12:1 to 30:1, not regulating predatory and misleading lending practices and because credit default swaps were explicitly NOT regulated.
And logically, I think the next question is: Was at least one of the above points done with the intent to actually create the current crisis?
COMPASS [for the CDC-6000 series] is the sort of assembler one expects from a corporation whose president codes in octal. -- J.N. Gray