Briefly

....the credit unions of America saw the scheme the Big Banks were creating and they did not join in! The credit unions and small local banks were the only financial institutions that remain sound to this day. Wall Street and the Big Banks created this mess along with the US Congress to show the world "how strong America is" even after an event such as 9/11 happening to us!

I was in the housing market from 2005 to 2007. I walked into a Wells Fargo office with some homes that I was interested in buying. One was an apartment building. The two women behind the desk I met with had eyes the big as saucers (their greed was seeping out!) looking at that one and said to me, "We can also give you a $120,000 construction loan in addition to buying the building!". What should have been a $125,000 mortgage had suddenly doubled before my eyes. I walked out of the office disgusted. Why? Because I couldn't afford it and because it was very apparent to me that they didn't care.

Anyway, stop blaming poor people for the Housing Bubble, when it was the banks who took all the risk!