Keep up the lying. There was no Free Market and government interference caused the crash. I have owned you on this subject and you think you somehow got me. Pathetic.
You 'owned' me on this subject? Care to provide a link to that?
The reason we had a housing crisis is because banks realized that they could make a lot of easy money providing huge home loans to people who couldn't necessarily afford it. They then packaged those loans together into bonds and sold them. The money that came in from the bond sales propagated the cycle.
Regulators both here and in the UK (the housing crisis wasn't just here) did nothing.
This entire mess could have been avoided had the government simply taken medicare/medicaid and translated it so it was available for any age group. Instead we've got yet another complex system to manage and regulate. I don't hate the idea behind health care that is available to all. I just don't trust our politicians to do it right.
Truly 'free markets' are all about companies turning a profit. Dishonesty, fraud, collusion, and other unsavory activities are par for the the course because if they can get away with it they can make even bigger profits.
In a truly 'free market' companies are only as honest as their leaders. Those leaders end up being very dishonest, because let's face it: dishonesty can be very, very profitable. Without anyone to answer to, it becomes a giant cesspool.
There's really no argument for it. If there are no consequences for negative actions, and huge net positives for immoral actions, then people will generally choose immoral actions. The steroid scandal in baseball is another example. Anything to win, and if the regulators can't catch you then it's all good. Track and field. Any other free market is the same way.
You need a dose of reality. When people aren't regulated, they'll do anything to make a profit.