While Palin mostly lives on her own planet, there are parts of this which are sane if you don't scratch too deep. The government did, in fact, loosen and weaken standards over a period of several years, making it possible for the big financial firms to loot the place and float a lot of improbably bad paper.

However, what she overlooks is that "the government" in this case means Cheney et al, who gimped the restrictions on purpose so their cronies could make a lot of cash. In other words, the people running her political party.