What does a Trump voter, living in a home he can't sell still underwater from 2008, think of the president calling his mansion "a dump"?
Yes, but bank deregulation also had an important role to play. If key firms hadn't had so much exposure to bad loans...
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It would have been a housing bubble breaking, but probably not a worldwide financial crisis.
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Also your language of "unworthy" borrowers obscures the role of ARMs, borrowers being pushed to buy more than they could afford...
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