Placing the blame for this crisis on "low income people" is such a joke Ray. Think about it, who holds the money to loan, BANKS. In the PAST if you didn't have proof of income and a hearty downpayment you couldn't even think of getting a loan, because BANKS would VERIFY that you QUALIFY for a loan before they give you one! Suddenly banks are giving money to anybody, they even encouraged people to get loans they know they can not afford. In any event, it was THE BANKS CHOICE TO LOAN THESE PEOPLE MONEY, "low income people" didn't hold a gun to the bankers heads, the BANKS SOLICITED to get people into these risky loans.
Look at the powerful and the powerless, put them in categories. Banks are powerful and "low income people" are essentially powerless. Somehow republicans always ignore the powerful and place the blame squarely on the powerless, to any thinking person this kind of tactic is quite a joke...
Irie