Bankers will tell you that the subprime meltdown was just that: the product of irresponsiblelending to, and borrowing by, flaky consumers, not a broader crisis of securitisation.
He'll talk about the growing threat of inflation, the government's response to the Fannie and Freddie meltdown, the Fed's recent actions to curb irresponsiblelending and the overall economic outlook.
Just as we must put an end to the irresponsiblelending and borrowing that created the housing bubble, we must restore the home as a source of stability and an anchor of the American Dream.
In the face of staggering costs to the American taxpayer stemming from the savings and loan bail-out and other liabilities, the idea of waiving "reasonable assurances" as a lending requirement can only be described as irresponsible.