Congress was creating a monster because most people started to believe that home prices increasing 10% or more every year was the new norm and, more importantly, that the risk was all but removed in housing. That's the real crime, creating a perception that the risk was gone. How do you create a perception that risk is removed? You continuously increase the lending capability of Fannie and Freddie while simultaneously increasing the percentage of subprime loans over a decade. After a while, it becomes normal and expected. Add in congressional leaders including Barney Frank giving speeches that we're not in or creating a housing bubble and you complete the package. Follow @RobertWeinstein This article was written by an independent contributor, separate from TheStreet's regular news coverage.