But why those loans, once bundled into packages where absolutely no one knew the actual value, had such a totally disastrous effect, also involved the radically unconservative, over-leveraging of the biggest banks, that took place under the Bush Administration, actually advocated at one point by his Secretary of the Treasury.
Trump is on the mark when he blames both parties. We need to stop making excuses for the Republicans who from time to time try to outdo the Democrats in idiotic programs.
Where there is no consistency in common sense, there is no basis for trust.
The loose money caused the run up of real estate prices. I watched the market in California go up as much as 200% from 2002-2006.