More of your rhetorical filibuster and bluster without any facts.
Graham-Blilley made it easier for banks to merge, but what got in the way was organizations like ACORN that managed to gain control of any mergers (through court action--and you might find the name Obama in there) until the banks agreed to make loans to high risk folks in poor areas.
So you are in bed with "Barney (I don't see any problem with Fannie Mae) Franks?
I think I have a pretty good set of facts [and stats that back them up].
The ACORN issue is there, but in the big picture, it is a gnat in this whole mess. The number of sub-primes that were generated through high risk/poor areas is virtually impossible to see on any pie chart that spreads the load of all the defaulting assets. It is not a "non issue" but I prefer to look at it at the scale that it actually is instead of trying to politicize it.
As for Frank and Dodd, I was simply commenting on the Genesis of the issue. You seem to think that the blame belong to them "The reason we aren't is that the malevolent regulation that lead directly to the sub-prime loan blowup is traceable right to Barney Frank and Chris Dodd
." when the genesis of the problem occurred years before they added their part to it. By the time they made their comments the whole thing [and fannie/freddie was just a subset] had already started unraveling.
So, to clarify, I simply put the ACORN and Dodd items in perspective where they are in the big picture. When this story first broke in the MSM last September SubPrime was considered the big failure to contend with. We now know that SubPrime was only a small element of the very massive problem that was built up since 1999. And, unfortunately the unintended consequences of GLB was the primary triggers of them. All the dominoes fall from that point.