Sounds like he and others, including a segment of the population that pay attention, see this BHO plan for what it is.
P.S. the policies the gov't put in place that all financial institutions HAD to adhere to, contributed.
The Community Housing Act, signed by another fiscal "genius" Jimmy Carter, started a lending pattern to people that could never pay the note.
Than Slick Willy Clinton, reinforced the CHA during his term and the cycle was complete.
It was like the Titanic, eventually enough water came in, and down she went......