Isn't Laissez-Faire capitalism to blame for the mortgage crisis in America?
by 
Anti-Semantic - Quaerens Intellectum
ANSWERS: 2
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Everyone's to blame. People shouldn't get into mortgages they can't afford. Companies should make mortgages more understandable to consumers. The government should responsibly regulate investment banks and mortgage companies. Sure, if we had a more regulated system, this might have not happened. But who knows how many people would be paying more for their mortgages.
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Many wannabe homeowners were lured into borrowing loans they couldn't afford. Lenders were encouraged to take all loan applications. The Wall Street packaged those crappy loans into securities. S&P, Moodys, and Fitch gave high ratings on those crappy securities in exchange for a fat fee. Unsuspecting investors bought those securites because of the high ratings. From above, the root of this whole mess who should take the biggest blames are: STANDARD&POOR, MOODYS, and FITCH. Those are giant firms on Wall Street who rake in big profits from this credit crisis.
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