Wait, then she is stupid. Housing bubble. Next question.
The “economy collapse” was a very long time coming and it was initiated by BS Liberal banking policies.
In the ‘80’s I worked in the lending office of a large bank. I was a file clerk and data entry person. My credit was pure gold, but I made NO money. However, I processed loan applications and information for loan recipients who made LESS than I did (if possible) and who had either NO credit or abysmal credit.