[quote name='Knoell']People bought houses they could not afford. You have to admit that alot of these individuals screwed up just like the banks.[/QUOTE]
You're not taking into account that the banks were being ultra-predatory. We can bullshit in hindsight, but the banks were making money both ways. If the person pays the note, they win. If the person didn't pay the note, the value of the house had skyrocketed and they win. Shit, I heard finance friends talk about how they ultimately made more money when the people defaulted (they carried their own paper).
I've seen the griping about the poors having the audacity to sue the banks (OMG ACORN), but I've never seen anyone try to attribute an actual percentage of loans that went out that otherwise wouldn't have. Why?
Because it's a

ing lie.
If it were statistically significant enough to cause banks to take on unhealthy amounts of risk (ha!), they would have brought their lobbyists down like the fist of an angry god. And with an only too willing to help Fed (lolwut froth?), well, you don't need a business degree to realize that shit smells like shit. We're supposed to believe that banks and financial institutions which have been running over the consumer in every measurable way for a decade, suddenly dropped on its back with its knees to the sky to get raped by, of all things on this earth, the poors.
Yea. Mmmk.
Or better yet, look for examples of countries with less damage taken and ask why. Canada took far less damage and their banks were leveraged out at 12-18 to 1. Our banks were leveraged what, 30, 40, 50 to 1? That happened because of Gramm-Leach-Bliley. You're right it was Clinton's fault. Free market retard that he is, he thought the financial sector would invisible hand itself in line. That makes Socialist Teddy Roosevelt laugh.