The real reason for the current economic crisis
The real reasons for the crisis are:
1.) People bought more house than they could afford.
2.) Banks lent to people who couldn’t afford the houses.
Granted, the government did change regulations to get loans into the hands of those who couldn’t afford them. Banks and Buyers still hold the responsibility, though. They did dumb things. They should have to live with their mistakes.
See this link for details.