Deregulation is a MAJOR part of the problem, yes. Probably the predominant part of the problen. But it's also a not-insignificant factor that ACORN used lawsuits based on the CRA to force banks to issue subprime loans that they otherwise would not have issued because they were bad risks. One can argue (soundly, I think) that this set the stage for the later bundling of the bad loans. Deregulation of how they could sell subprime loans wouldn't have become an issue has they not been issuing subprime loans in the first place.
It'd be sort of like going to a vegetable stand and telling them, "We're now going to allow you to sell hamburger that's up to three days past its marked 'Sell By' date." "...Uh, that's, uh, nice, I guess ... but we don't sell hamburger. We sell vegetables."
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It'd be sort of like going to a vegetable stand and telling them,
"We're now going to allow you to sell hamburger that's up to three days past its marked 'Sell By' date."
"...Uh, that's, uh, nice, I guess ... but we don't sell hamburger. We sell vegetables."