RE: 'Privatized profits, socialized risk' [Village News, 9/25/08]

Mr. Monday’s comments caused research on my part. It shows “de-regulation” isn’t the culprit; it’s the overbearing hand of government. Our woes started with the Community Re-investment Act, when the Liberal philosophy of “helping” society resulted in force-feeding mortgage funds into the hands of those who did not deserve access to the money because they had no way of paying it back.

The tried and true “20 percent down and prove your financial worth” was discarded in favor of loaning to unqualified borrowers. During Clinton, the Federal Reserve even threatened the banking community with lawsui...