i said played a part. it certainly didn't help protect against it.
You know, I looked back at every one of your sidetrack-from-the-healthcare topic posts, and couldn't find one in which you stated that the Affordable Home Program played a part in the economic meltdown. Did I miss something? It's not enough to think something. Your fellow Buzzards are not mindreaders.
You seem perfectly satisfied to blame the economic meltdown on homebuyers who got in over their heads. You've done this repeatedly in many different threads. I realize this is a rightwing talking point, but did you ever stop to think that maybe, just maybe, the banks that were making extremely risky loans and the credit-default swaps and mortgage backed securities that were traded on those dangerous loans might somehow have played a huge role in the collapse? Nobody made those banks make those loans. They did it because they foolishly believed that home prices would continue to climb forever. They assumed that if the homebuyers defaulted, they could just foreclose and resell the house and still make money.
It didn't work that way.