Hillary, check your head.
Uhg. So lets break this down.
1) Fed drops rates and creates a bubble
2) Speculators and anyone that can fog a mirror are given loans
3) Loans go bad and growth dies.
The solution is not to reward these horrible investments with tax payer money and bail this situation out. The solution is to let this shit storm play out, and correct the many years of manipulation and speculation.
Where were these people years ago when the regulations should have been put in or enforced on crazy loans? No where. No one wanted to rock the boat when the money was rolling in. Who in their right mind thought this kind of growth in housing was sustainable? Why are they shocked about it now?