VK SAYS "Certainly, the problem began with too many mortgage loans to people who couldn't afford to pay them off.

BINGO BINGO BINGO and congress (BOTH parties) knew it was happening...knew what could happen and allowed it !

I just need to add based on some of the other discussions this evening on this. This fact is one of the reasons I get so upset when folks on here continually say that all the trouble economically was "Bush s fault". My reaction is not party driven but fact driven. Did the Republicans over spend..yep....did mostly Dems ignore what was happening in the housing market...yep ! It has become very convenient with no explanation for the current WH to mouth the words describing what he inherited and to hear Pelosi, Franks, Dodd and the lot of them with the same old song.

It were not one person or one administration.....just go back and research what was going on during the Clinton administration. If you are gonna throw stones make them accurate and on point...not party oriented !