The biggest problem with dealing with this issue is that it was not caused by any one group of people or policies. There are hundreds of thousands of people involved, even millions.

Groups like ACORN and the NAACP lobbied for years for lower cost loans to help poor people buy homes. But then when suitable instruments were devised those same loan types were used not only by poor home buyers but by those looking to upgrade to a nicer place – and especially people looking to buy houses and flip them to produce large profits. The banking and construction industries then monomaniacally followed the pack, never asking if all those people could afford two or three houses. Just on my street there are a couple of huge new homes that have never been completed and 4 other new houses that are for sale, some of which have never even been occupied. I saw the crash coming 5 years ago.

Unfortunately, what a politician would have to do to address this problem is point out that it is not just the CEOs of certain companies that are to blame, and not just their managers, and not just the politicians and community activists that encouraged all this, but especially all those “little” people who bought beyond their means. And no one will do that.