Who is Responsible for the Mortgage and Credit Crisis

I received many comments on a previous article that I wrote and submitted to a number of sites concerning my theory about who may be responsible for the sub-prime mortgage mess. The article can be viewed at: http://www.associatedcontent.com/article/557061/who_is_responsible_for_the_subprime.html

One comment posted to the above article wrote the following: "An interesting take - but I don't think the blame for this lies with lawyers (though some of them will be beneficiaries). A government structure that did away with much regulation of banking, finance, real estate licensing, brokerages, title companies, etc. is to blame as well as a boom and bust economic strategy built on windfall profit scenarios."

So, who would propose the deregulation of financial and real estate firms such as these as well as develop an economic strategy that would seek profit off the hardships of minority and low-income individuals?

According to the statistics, "law" has long been the dominant profession for members of Congress with 228 of the 535 members of the 109^th Congress having law degrees and 235 of the 534 members of the 108^th Congress. That is a pretty high figure when you take into account that according to the 2000 U.S. Census only 1.1 percent of the total United States population stated that they worked in the legal occupations. Many of those that did state that they were in the legal occupations would not have been lawyers but would have been law clerks or paralegals.