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Robbie,
The wars did affect the collapse in profound ways. Not having 1T+ cash on hand makes it a lot harder to deal with the banking meltdown. Destabilizing the middle east makes it harder to stabilize our economy, the EU etc. Pissing off most of our diplomatic ties made it harder to handle international fraud by the banks. You are correct that the root cause of the collapse was the banking meltdown and housing bubble crash... but the wars took attention off those issues, wasted resources that would have been very helpful and strained the kind of relationships that are needed during those kinds of crisis moments. An expensive stimulus package to avert a depression is a lot easier to manage when you aren't also trying to fund two unfunded wars and a set of unfunded tax cuts.
It's as if a fireman shows up to a burning building and the hydrant is busted so he can't get more than a trickle of water out of it. No, the hydrant didn't cause the fire but it is definitely a key factor in why the whole building burns down rather than just fills with smoke before being put out.
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