by 
Anonymous
ANSWERS: 4
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greed.
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It started with the Community Reinvestment Act, signed into law by President Carter and made worse by Presidents H.W. Bush and Clinton. When some were attempting to identify the problem several years ago, Barney Frank(D) denied the existence of the problem. The CRA effectively created a legal mandate for banks to loosen loan requirements which allowed almost anyone buy a home regardless of their ability to make the payments. Naturally, the banks found themselves with handfuls of bad loans, the housing bubble popped, the stock market crashed, unemployment rose. Finally, the rest of the worlds economies were affected mainly because of the abundance of foreign investment in the U.S.+2
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This has been planned for years. Our currency will soon be worthless. Those paper statements that say you have money will stop coming. Our politicians are helpless eunuchs. We are all slaves. I truly hope I am wrong but I fear not.
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The selfish ways of the rich trickled down to the poor which destroyed the whole economy It's that simple
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