Both deals are part of the lasting legacy of the housing bubble, which burst spectacularly five years ago and has remained a weight on the biggest U.S. banks since.

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For a bubble to have a genuinely valuable lasting effect, it must do something more than construct useful things wastefully.

ECONOMIST: Booms and busts

As such, the impact of this particular bubble from a psychological standpoint will likely be much longer lasting.

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You believed that instead of huge inequalities and an economy that's built on a bubble, we could restore a sense of fairness to our economy and build a new foundation for lasting growth and prosperity.

WHITEHOUSE: Town Hall in Arnold, Missouri