And how exactly did he do that according to these wizards that you put such reliance on?
Obama restarted subprime lending.
http://www.reuters.com/article/us-usa-housing-watchdog-idUSTRE63J0FO20100420
http://nypost.com/2016/04/09/team-obama-is-setting-us-up-for-another-housing-market-collapse/
The Federal Housing Administration and government-sponsored “independent” lenders Fannie Mae and Freddie Mac have been demanding lower credit standards — just as the feds did starting under President Bill Clinton, in pursuit of the same “affordable housing” goal.
Some borrowers need only put 3 percent down to get a Fannie Mae loan — even if the downpayment is a gift. Fannie also has started up a new subprime lending program.
The Office of the Comptroller of the Currency recently warned that mortgage underwriting standards have slipped and now reflect “broad trends similar to those experienced from 2005 through 2007, before the most recent financial crisis.”
http://www.wnd.com/2013/04/obama-orders-same-policy-that-sparked-mortgage-meltdown/#!