What did Greenspan (The Libertarian) know and when? And where were you when home prices were gaining $100,000 per year in an area where the median income was $41,000? Obama doesn't have to blame anyone for anything. The fault is as clear as the nose on your face.
I'll tell you were I was: I was shouting that the prices of homes was being driven far to high by governmental pressure on banks to lend tons of money to unqualified applicants at low interest rates. I was warning that nothing was ahead of us but catastrophe. And of course, those of us who were warning were called racists by Maxine Waters, Barney Franks and Bill Clinton....because after all is said and done, this program was created for one thing only...to get as many economically challenged blacks into their own homes as possible...using economic threats and phonie fannie mae guarantees.
But, of course, moron, it's the Republicans' fault, right?