1. It was actually not deregulation but regulation from the governments “Freddy Mac and Fanny Ass” that basicly totally destroyed all sense of rating risk that brought on the sub-prime crisis. The government basicly said to all other banks and lenders that lending to people that couldn’t pay was a good thing.
That is a ridiculous statement and it is not the cause of the problems.
It is typical of libertarians and “anti-government” folks to over-simplify or mischaracterize issues for the sake of their ideologies.