This is silly

This is silly.
The SEC did not do its job, contributing to our problems.
The Fed messed up horribly in setting interest rates way too low in the early 2000′s.
Fannie Mae and Freddie Mac became the backstops, the ultimate guarantees for banks to issue mortgages that were certain to end in foreclosure.
Congress was warned as early as 2004 that Fannie Mae was in big trouble but Congress, esp. Massachusetts’s own Mr. Frank resisted facing this truth.
And the community reinvestment act demanded the issuance of mortgages, whether this was wise or not to people living in areas that it was claimed had been redlined or denied credit previously.

When you put it all together, one must certainly concede that there were massive counterproductive government policies that contributed to the problem. To call the present situation “unfettered” capitalism is to utterly misrepresent things.