isn't there some way we can pin this on Obama?
Or government?
After all... government backed loans made home ownership possible for the vast majority of Americans. And then that same government failed to adequately police the loan industry (amidst an equally vast lobbying and insidious campaign by banks and mortgage originators).
Therefore... I say we just declare government useless. Let's declare winners and losers now. Everyone who made it to $500 million net worth by this point wins, and gets to be part of the new nobility, and do whatever they want. The rest of us are peasants who get to live in the tenements they own.
Thank you, vast effort from 1940-2012 to gut the unions, federal and state regulation of business, social spending, and the social safety net. All communism and therefore per se bad.
Now, if you'll excuse me, I have to go pay my 10% tithe to the Church, and see the doctor for some bloodletting. I've had this nagging pain in my back due to evil humours that I need cured.