It's broken because for the past ~70yr there was scant if any scrutiny of what they were up to because half or more of the country "trusted the process" (or wha

It's broken because for the past ~70yr there was scant if any scrutiny of what they were up to because half or more of the country "trusted the process" (or whatever you want to call it) if not the people. They were free to write, write, write and expand, expand, expand with no serious pushback and so of course a lot of it was garbage. When you write loans to anyone with a pulse too many of them are gonna be sub prime. When you just let legislatures legislate and bureaucracies bureaucrat too many of the results are gonna be shit. And now that bill is coming due.