Quote:
Originally Posted by k0nr4d
If this is Trump's fault then you need to also say that the subprime mortgage crisis was Obama's fault.
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Sub prime mortgages originated around 1994 and peaked in 2005. In 2006, housing prices started to decline. Subprime borrowers couldn't sell their houses at a higher price than they paid for them. Banks weren't willing to refinance when the home's value was less than the mortgage. Instead, banks foreclosed.
Obama was president from 2009-2017 ?