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In reply to the discussion: Holder says no bank 'too big to indict,' more financial cases coming [View all]ronnie624
(5,764 posts)it seems that what really matters, is who did what and when they did it. The crimes that led to the mortgage industry collapse, did not just materialize in 2008. Most of the activities that led to the real estate bubble and its subsequent collapse, occurred between 1997 and 2007. Creating a timeline would, no doubt, be a massive undertaking. Many analysts believe that the real culprit, is the collective deregulation of the mortgage, banking and investment industries, going all the way back to the late 70s. In my opinion, the biggest problem, is in a political system that allows our legislative process to be purchased with campaign donations, by a wealthy minority, to the detriment of working class people, and there will be no improvement in the situation, until this corruption of our political process is addressed.