Yep, this whole thing started by the feds requiring more loans to people that either cannot pay back loans or are on the bubble of not being able to repay.......
Clinton watch.
Then 2005 Bushie ups the ante and wants more low income loans for housing
Bush watch.......
Fricken politicians are not economists! Stay out of good underwriting practices on loans you idiots! Bankers actually know what they are talking about and how to conduct business.
Banks were forced to take on excessive risk BY THE GOVERNMENT!