Apparently, left leaning types don't understand that people generally have terrible credit because they consistently fail to pay their bills. When loans were granted to uncreditworthy people, I guess it was believed that they would "magically" change and start paying their bills suddenly. The only people who suggest that sub-prime lending wasn't a major contribution to the credit crisis are going to be of a very liberal type. To admit that once again, one of their supposedly good intention filled programs caused an economic disaster,isn't going to happen. Once again, in trying to accomodate the least productive people in our society, a disaster has unfolded.