i think you got your industries confused. the blam is in the gun industry.

ok ok, i know it was a type-o, but given the conversation it was pretty funny!

as to the subprime crisis, i think you're right that dodd and frank were quite the hypocrites, intentions and so forth notwithstanding. yes, of course there were plenty of others to blame, but i believe your point stands that they both get a special share for hypocrisy.

JL

but the murders as still committed by the guys holding the guns, not by themselves, right?

Gun, due to poor maintenance or manufacturing, do occasionally kill people but not statistically enough to matter. Yes, people with guns kill, not the guns themselves and yet the murder rate is generally much higher in societies with easy access to and higher ownership of guns even though there are no lack of other methods and technology to kill other people. Makes for a nice meme but reality is much more complex...

I'm not really up on the "Republican who wrote the CDS law" thing. CDS's are simply insurance instruments that, as far as I know, never needed any law allowing them to be created. Maybe they needed some sort of approval to be traded? Feel free to educate me on that.

I suppose murder statistics may have some correlation to gun ownership stats, but the murders as still committed by the guys holding the guns, not by themselves, right?

And yet you want to mainly blame Dodd & Frank...

If Dodd and Frank messed up with the application of the law, why does the Republican who wrote the CDS law not suffer similar blame?

That's equivalent to blamings guns for murdering people.

Moving in to over simplify another category? See murder rate for similar societies according to gun ownership and regulation...

Yes, there was "red lining" going on for years, and part of Dodd's and Frank's efforts that lead to the sub-prime disaster were motivated and directed at that very problem, so OK, their motives were pure, but their judgement was stupid.

There was a real problem of minorities being refused loans when they had the exact same income and down payments as white borrowers who were approved...

Dodd and Frank were both "in offfice" all thru the build-up of the housing bubble and the creation of the "sub prime" loans, and coerced the gov't (Fannie and FreddY) plus the private banks to loan mortgage money to low-income people.

And the loan officers were not the ones creating the "loose rules". Dodd and Frank and the credit rating agencies all told the loan officers that the sub-prime borrowers would never need to default, and that it wouldn't matter even if they did, because house prices never decline.

Tossing a lot of blame for two people who where no longer in office at the time. Not to mention whitewashing the '08 meltdown. How much was due to "coercing the gov't" compared to loan offers not doing proper due diligence because the rules were loose and the loans were to be bundled and kicked down the road anyway? Your blame game seems to be unidirectional and not quite accurate...

...the real reason these banks failed is that they were allowed to run too much risk.

Right. But, how many times must we, ah, re-learn that lesson?

After the financial crisis which hit the American economy like a bombshell in 2008, banking regulations were toughened up considerably, under the new rules of the Dodd-Frank Act. But a lot of those safety rails were rolled back in 2018, in a law that Donald Trump signed.

Yeah, Trump signed it and Frank supported it. So, what are gonna do?

I used to love Barney Frank and his 'death panels' that were actually supposed to be actual death panels. Not sure if Chris Dodd put up much fuss about rolling the regs back but, who really cares, I guess. :(

Right. But, how many times must we, ah, re-learn that lesson?

After the financial crisis which hit the American economy like a bombshell in 2008, banking regulations were toughened up considerably, under the new rules of the Dodd-Frank Act. But a lot of those safety rails were rolled back in 2018, in a law that Donald Trump signed.

Yeah, Trump signed it and Frank supported it. So, what are gonna do? Not sure if Dodd put up any fuss about it but, who really cares, I guess ... ;)