1) People who falsely stated incomes, got mortgages , went for homes they can't afford are real reason., 2) Banks played role in pushing mortgage applications no matter what 3) federal agencies who bought these loans are investors, equally responsible, they needed to do their risk assessment.
basically systematic failure...this admin. is targeting banks as political show before elections, hurting itself because banks will stop lending or shut down mortgage business or have layoffs. what an idiotic move!!!