Was the economic crisis created by central banking and fiat or fee market economics?

[HelicopterBen]

The question was,

Was the economic crisis created by central banking and fiat or fee market economics?

There are two options to choose from. The first answerer is the only correct one so far
*free market economics, oops

 

[FreedomWins1]

Brought on by the housing collapse with the sub-prime mortgage loans. You should be smart enough to know that it started with the Carter admin and was carried through until it did collapse!
And Ole Barney Franks wants to do it all over again even after Freddie and Fannie asked for MORE bailout money. Whats that tell ya?

 

[Elvis]

The crisis was due to decades of deregulation and tearing down protections that have been there since the great depression. In other words, libertarian economic principles that Republicans adopted as their own.

 

[Elvis]

The crisis was due to decades of deregulation and tearing down protections that have been there since the great depression. In other words, libertarian economic principles that Republicans adopted as their own.

 

[Domo+Pumpkin]

Why did you fail

 

[O'Ryan]

Central banking and fiat economics. This would NOT have happened if it wasn't for the Federal Reserve.

 

[O'Ryan]

Central banking and fiat economics. This would NOT have happened if it wasn't for the Federal Reserve.

 

[O'Ryan]

Central banking and fiat economics. This would NOT have happened if it wasn't for the Federal Reserve.

 

[USAALLTHEWAY]

It was created by Clinton, Franks, and Dodd when they started making the banking industry make sub par loans on houses to people who couldn't afford them. Bush gave several speechs on this subject early in his first term. He said it would leed to problems and it did. For those who want to blame Bush, he had no control over it.