In article ,
"HeyBub" wrote:



But, the goal of the liberals was achieved: universal home ownership was
achieved.



Sorry, but your account of what happened simply isn't true. You probably
got the fiction from Fox news, or Rush. The real story is far more
interesting. The amount of capital in the world doubled or tripled
within a few short years, while the number of investment opportunities
stayed the same. American home mortgages were the best investment
around, and the world's money demanded more of them. The only way for
mortgage brokers to increase the supply, was to relax the standards for
qualification. And relax they did. It was pure capitalistic greed, not
idealism, that drove us into the dirt.