You can't handle the truth! So, don't be alarmed; you won't get it from the Obama administration.
The Federal Reserve's Big Ben Bernanke says...
The Federal Housing Authority says:
To recap: loose lending standards led to massive numbers of bad mortgages that were bundled and sold which led to... massive numbers of defaults and foreclosures and lost investments which led to... government bailouts of the banks which led to... demands for more responsible lending requirements which led to... difficulties getting new loans which led to... a continued depression of the housing market which led to... calls for loose lending standards which led to... authorizing loans for those who had borrowed money for homes that they could not afford which led to ... go back to the beginning of this sentence.