>>As always, you have to ask "who has the motive." Obviously it was a bad deal for mortgagees who could not service their mortgage and so lost everything. Since they are the very voters who the targets were supposed to assist, that's a bad deal for Government too. Meanwhile bankers made lots of profit and mega-bonuses for doing it. So who has the motive?
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>Normally I would agree with you, but I recently posted the links pointing to articles and speeches where starting with Clinton and continuing on with Bush, the mortgage industry was pressured to provide home loans to a section of the population who would normally not qualify. It's all here on the UT somewhere in my messages.

Which altogether was just another imaginative way to cut one's ears to patch the butt. Giving loans to people who can't return them, and taking jobs away from those who still could, while ramping up profits by all means - because everyone else does it and because there's so much money to be made in outsourcing - was the proverbial cutting of the branch on which they sit, or translated: stool about to hit the fan, or a disaster waiting to happen.

Henry Ford wasn't an idiot. I may disagree with the guy on many points, but he got one right: "If my workers can't buy my cars, who will?"