If govt regulations prevent crashes, then where were the SEC, FTC, Fed, Fannie, Freddie, FHA, and FDIC in 2008?

Maxine Waters ( Congress ) was using the usual racist BS to get under qualified blacks and poor into homes they couldn't afford ! .. I believe that was the beginning of the end, as Wall St , at that point said **** it , I'm gonna get mine ........... soon after , the house of cards fell ! ... Barney and Dodd should be in jail !