"The root of the problem is political greed in Congress. Members...from both parties wanted short-term political credit promoting home ownership even though they were putting our entire economy at risk by encouraging people to buy homes they couldn't afford. Then, instead of conducting thorough oversight and correcting obvious problems with unstable entities like Fannie Mae and Freddie Mac, members of Congress chose to...distract themselves with unprecedented amounts of pork-barrel spending."
Greed on Wall Steet (as both sides claim) sure as hell didn't help, but they weren't alone in this trouble.
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