How did America get in an even worst financial mess than we had in the '30s?

Anyone claiming that banks were forced to make loans to poor people has a very tenuous grasp on the truth and reality. Underwriting standards were relaxed, by Republicans, and the banks could not wait to collect lending fees and commissions. I worked in the industry, and the mortgage lenders couldn't give away money fast enough. I mean, hell, with the lowered capital requirements it wasn't really costing them anything anyway. Certainly, nobody twisted their arms. It was simply deregulation in action.