Major Causes of Financial Mess

What are the major (top 10) causes of the financial mess? Below is a
list based on my limited knowledge. Could someone help correct it?
(Please avoid partisan politics)

1. Government printing more money than could be properly utilized.
2. Government failing to properly oversee and regulate printed money.
3. Government failing to prevent banks from making bad loans or worse
yet possibly encourging banks to make bad loans in order to pump money
into economy.
4. Banks making bad loans because they were encouraged by government
and because lack of regulations allowed them to unload the bad loans.
5. Congress setting up Freddie & Fannie. F&F making and buying bad
loans. Congressional (which members?) involvement in creation,
encouragement and kickbacks from F&F.
6. Financial Institutions assuming that loans purchased from banks had
low risk similar to such loans in the past.
7. Failure of citizen's involvement in government.
.

Relevant Pages

  • NBC: A Bad Bank Rescue; By Sebastian Mallaby
    ... eventually sold off loans made by thrifts that had gone bust. ... The federal government insured the thrifts, ... But in buying bad loans before banks fail, ... Taxpayers ...
    (rec.music.artists.springsteen)
  • Re: OT~Just how dumb is a liberal? Heres the sad answer...
    ... easing the credit requirements on loans that it will purchase from ... banks and other lenders. ... Fannie Mae officials say they hope to make it a nationwide ... ''If they fail, the government will have ...
    (rec.outdoors.rv-travel)
  • Re: OT~Just how dumb is a liberal? Heres the sad answer...
    ... easing the credit requirements on loans that it will purchase from ... banks and other lenders. ... But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's. ... Sadly, you can provide this kind of evidence for the lefties until you turn blue in the face, and all you'll accomplish is the turning blue of your face. ...
    (rec.outdoors.rv-travel)
  • Dear President Obama, Please Fix Your Fix!
    ... Democratic predecessor, Bill Clinton, you decided to make a political ... banks, housing and mortgages. ... on the bad decisions made by government, banks, developers, realtors, ... industry low interest loans. ...
    (alt.politics)
  • Re: OT~Just how dumb is a liberal? Heres the sad answer...
    ... easing the credit requirements on loans that it will purchase from ... banks and other lenders. ... Fannie Mae officials say they hope to make it a nationwide ... But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's. ...
    (rec.outdoors.rv-travel)