You mean the recession triggered by the overregulation of the housing loan industry by Barney Frank, using central "experts" to direct banks to loan out to people who couldn't afford the loans by underwriting the loans with the Federal Government? Banks who would never on their own in a free market take on those risky loans? And the same "experts" then provided billions in corporate welfare through TARP?
That is the conservative alternative narrative that is a complete fiction.
The banks came up with the idea to loan to people who couldn’t afford it. They came up with 80/20 interest only, stated income, adjustable mortgages.
They came up with credit default swaps and derivatives
Fannie and Freddie were late to the party on subprime purchases and packaging but were forced into it by idiots like you who started to say we don’t need them anymore because private investors will buy the paper packaged by private banks.
Experts, like Hank Paulson, have said the Housing crisis was caused by deregulation and a lack of new regulation. The exact opposite of what you just said.