Wrong wrong wrong (as usual). You cite the necessary, but no *sufficient* condition(s) in the sub prime fraud. The key sufficient criminal factor?--GW Bush, come on down!

Predatory Lenders' Partner in Crime
By Eliot Spitzer
Thursday, February 14, 2008
 "Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye. [...] Let me explain: The administration accomplished this feat through an obscure federal agency called the Office of the Comptroller of the Currency (OCC). The OCC has been in existence since the Civil War. Its mission is to ensure the fiscal soundness of national banks. [...] In fact, when my office opened an investigation of possible discrimination in mortgage lending by a number of banks, the OCC filed a federal lawsuit to stop the investigation." 


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