You are viewing a single comment's thread from:
RE: Who Should We Find Responsible For The Subprime Mortgage Lending Crisis?
You probably wanted to say lack of regulation. I am sure this is not very popular opinion in libertarian community but we need to face reality. there was no regulation of real estate brokerage firms. the same problem over and over again.
I'm referring to the Community Reinvestment Act of 1977, which regulates who banks should lend to. This played a big role in the housing bubble. I'm not denying that their was plenty of shadiness going on at real estate brokerages, but they are not at the root of the problem.