[Tublecane]

Look up CAR, Freddie & Fanny, etc., etc. There are plenty of threads right here to fill you in.

[sirchtruth]

That's way too much information to sift through. The reason I posed the question, is because so many people don't understand what's going on, so I thought if we posted or rather, listed the facts then it would be a little more clear.

I think factually what caused this situation is, Redlining. Banks had to lend to ARM's to high risk, high debt to income clients.

In other words - OVER REGULATION.

[Tublecane]

Whoops. I said “CAR”. I meant CRA. Now everything should be clear.