As for the topic at hand, to blame anyone...look directly at fannie and freddie. They packaged almost all mortgages and resold them under their wrappers. The record is very clear that dems resisted any and all attempts to limit them
It's funny how the AP can say community org's suggested these restrictions. ACORN, the dems, et all, were 110% behind writing mortgages for anyone, regardless of credit scores.
To blame anyone other then the purchaser of esoteric mortgages is a riot. 30 yr mortgages hit 4.75% in the past cycle. If that wasn't a low enough paymemnt, then the purchaser put the gun to their head with 5 out of 6 chambers loaded.....
BTW Floating rate ARM's can now be reset at very low rates....................
Gees it's for the Senate dudes, not the POTUS.
I don't hear the anyone complaining it's ANOTHER Kennedy or Clinton.