” . . bailing people out from making stupid decisions.”
OK, search the internet using “Community Reinvestment Act” (CRA) and you will understand what caused all this upheaval. Every thing was not too bad until gasoline and food prices started going up and those marginal homeowners found out that they could not meet the mortgage payment. There are many many people who got conventional, pre-CRA loans who are not losing their houses because they have the extra margin in their incomes to absorb the increased costs of daily living.
He won’t repudiate John Lewis!