The sysytem is twisted and broken. The clowns in govt allowed the housing bubble to inflate by allowing 100% financing combined with stated income. PERIOD. THAT was the cause of the bubble.

It wasn’t Greenspan or low rates that were the cause. I am yet to hear anyone from the govt explain this.

Millions has been spent trying to convince the idiotic American sheeple that “nobody” saw this coming and it could not have been prevented and how THEY are going to prevent it from happening again.