You're providing those explanations without context. These are all explanations provided by a government committee composed of the very same politicians respons

You're providing those explanations without context. These are all explanations provided by a government committee composed of the very same politicians responsible for creating the government programs that caused the financial crisis: In its January 2011 report, the Financial Crisis Inquiry Commission (FCIC, a committee of U.S. congressmen) The political elite is thoroughly captured by the public sector institutions responsible for the financial crisis: https://www.cnbc.com/id/25713791 https://www.cnbc.com/id/25713791 They spent a combined $170 million to cultivate allies during that period, a bit less than the American Medical Association and a bit more than General Electric (GE is the parent company of CNBC). At the same time, their executives have consistently led the mortgage-banking sector in campaign giving to members of Congress, contributing a combined $16.2 million since 1997. People who have lobbied on their behalf have played or are playing roles in the presidential campaigns of both Republican John McCain and Democrat Barack Obama. Defenders, including President Bush and Treasury Secretary Henry Paulson, say the nation's two major mortgage companies -- which own or guarantee roughly half of the nation's $12 trillion in outstanding mortgage debt -- are more vital than ever to the smooth functioning of the nation's jittery financial markets.