[Lorianne]

"So the trigger for the most recent crisis remains the part of the global financial system that has been least reformed. Mortgages are still the place where many of America’s deepest problems meet—an addiction to debt, the use of hidden subsidies to mitigate inequality, and political gridlock. In the land of the free, where home ownership is a national dream, borrowing to buy a house is a government business for which taxpayers are on the hook."

[TexasTransplant]

Accidentally my rear end

https://www.youtube.com/watch?v=NASL-waN3lU

[Roccus]

I still miss Hydroshock

[Diana in Wisconsin]

Accidentally?

[VanShuyten]

And, coincidentally, all the Federal credit unions started selling their good mortgages to SallyMae and FreddieMac to offset the ninja mortgages they took over.

[Intolerant in NJ]

The housing bubble and resulting financial collapse was the culmination of the ‘rat’s thirty year crusade to essentially give free houses away to the poor at taxpayer expense - ironically the most recent report on homeownership in the US says that a smaller percentage of the population owns homes now than ever before on record - not only did the ‘rat’s scheme weaken the economy to the extent that we haven’t yet recovered, but the push to give mortgages to people who couldn’t afford them drove so many into eventual precarious financial circumstances that many still haven’t regained the status which would allow them purchase a home legitimately......

[Zeneta]

The complexity of our financial system is well beyond most peoples ability or desire to understand.

[knarf]

Is this TRUE, Bahney Frank ?