Joe

It's a Bull Market in Government Intervention

Spot on.
In any case: some time ago a contributor to this introduced the book:
Confessions of a subprime lender. An insider's tale of greed, fraud &
ignorance ... by Richard Bitner / lendingsanity.com

I found it very interesting, informative, useful. And it probably was
useful for many others as well, those not taken by surprise.