“look, back in early 2007 I remember that the economy was great up until the rats took both houses and ruined the economy..”
No. What happened is that the real estate bubble that had been driving the economy plateaued in 2007. It hung in space like the coyote in a roadrunner cartoon.
By summer 2008 buyers who had been betting on endless price gains began defaulting on their mortgages, imploding the CDO paper created from them. This nearly took down Bear Stearns, and did wreck heavily leveraged Lehman. That’s when the bubble blew. No Democrat treachery needed, they were just as clueless as the Republicans.
Recall that a big part of starting the mess was a legal or pseudo legal requirement to offer housing loans to unqualified applicants on the grounds that banks were turning down loan applications because they were racist.
if they knew, then what happened was planned or threatened...