THAT WAS IN RESPONSE TO YOUR POSIT
"Well, even though we aren't specifically discussing this, here is something quick and very simplified (it is very complex). There is something she was behind called QM/ATR. It's a result of the people who foolishly overextended themselves on their mortgages. QM/ATR severely limits a bank's ability to make a 1-4 family first mortgage loan to consumers. So as time goes on, credit will be more and more scarce, and you will see cries of "we can't get a home loan anymore from our bank/credit union", and the small banks and credit unions will look like the bad guys. There is a very little percentage of Americans who are too dumb to make smart decisions, so Warren, believing that all Americans are too dumb to make smart decisions, have put processes in place in the banks that make it so that there are guidelines to determine what is a good loan versus what is a bad loan. Most Americans didn't get themselves into trouble with overextension and signing contracts for loans they had no chance of repaying. "