Because the Democrats are RESPONSIBLE for it. ITs Democrats that have been shaping the laws that FORCED banks to write bad loans, the very same loans that started Defaulting in Gianormous numbers when Oil prices spiked.
You can trace it back to 1977 and the CRA, and then to 1992 with the reform Act, that set the numbers of loans banks had to write. ACORN hired lawyers to enforce the laws, including one named Barak Obama.
Democrats CREATED this, built upon Low, Very Low and Middle income Borrowers, and then they just THREW THEM ALL TO THE WOLVES! Way to go Dem’s! Way to stab your supporters in the back and KEEP THEM POOR! Brilliant!
(I am so PISSED OFF AT ALL OF THIS)
What’s scary about this to me, is the deafening silence of the MSM. We all know they’re libs, but they had to know this was going on & kept quiet about it.