When has there ever been de-regulation? Heard of the Fair Housing and Equal Opportunity dept? There was never a free market when it came to money markets in America because of this Carter inspired creation.
There's still too much government in the market. This would have equalized by now without politicians mucking it up, and now they want to prop housing values back up when they haven't even come close to where they should be in a natural correction?
You absolutely can not blame capitalism and the free market for this, when it was not one given a chance to operate unhindered. We're leaning toward fascism, not socialism in this country. Look at what's going on with class warfare and the uneducated masses.