You need to also add to the group those who only source of “income” are the entitlement checks we provide for them. And these people were allowed to buy houses.
I’m no expert in the banking industry but I would imagine that banks would try to help people out if they know you work and have a legitimate source of income.
So illegals and welfare recipiants fit into the group that made this mess.
I've got more questions: What's the average value of homes in foreclosure? What percentage of homes in foreclosure are actual primary residences? What percentage are owned by illegals?
Who the HADES are we really bailing out?!