lol the people make up the gov't. the gov't created incentives for financial companies to get people into homes even if they aren't capable of paying for. The financial companies knew this but the incentives from the government created a moral hazard and thus the ceo's simply pushed for the short term and then got out of it after making millions and millions on setting up people in a house they can't afford. without the government (democratic congress and president) creating this moral hazard, we would have never had the real estate bubble in the first place. We would have been able to achieve a smaller sustained growth but we wouldn't have crashed down like we did.