"Congress loosened the lending rules"? Which bill was that??? You said this once before and didn't back it up. That's getting old. Cite your source; which Bill(s) are you talking about? If you're talking about the ones that worked for 20+ years then that brick isn't going to fly.
You can talk until you're blue in the face but none of this would have happened if the 2000 legislation wasn't enacted merging the banks. It all comes back to that, which is what I said four posts ago.