Yes the current crisis had nothing to do with US Government policy encouraging loans to people who by definition, could not afford them (CRA, FHA, Freddie Mac,

Yes the current crisis had nothing to do with US Government policy encouraging loans to people who by definition, could not afford them (CRA, FHA, Freddie Mac, Fannie Mae, etc). You can't separate government intervention out of the mix. Greed and corruption played a part (as they ALWAYS will) but moving back to the assumption that government knows best is not the way forward.