Sorry to be a devils advocate but past administration loosened up rules based on which you were or were not supposed to be eligible for a loan to an extent which it should never be.
Unless you want to jail George Bush or some of his staff members, there is not so much fault around to put on people working in financial sector.
> you have just implied that ultimately no one can be held accountable for these failures. Isn't that a bit of a problem?
Yes, but not one to be solved by retroactively classing behaviour that wasn't a crime then as a crime now. The right solution is to criminalize the behaviour moving forward.
Sorry to be a devils advocate but past administration loosened up rules based on which you were or were not supposed to be eligible for a loan to an extent which it should never be.
Unless you want to jail George Bush or some of his staff members, there is not so much fault around to put on people working in financial sector.