That you think you squashed anything only serves to demonstrate just how delusional you are; and your idiocy of blaming Democrats for passing a bill when Republicans failed to pass any bill at all serves to demonstrate how retarded you are.
The search itself took minutes. And that "all time high of 1%" was enough to generate an article questioning the concern of the alarming growth of toxic loans --
in April of 2006.
By 2007, the damage was done. Record levels of foreclosures (at that time) was sweeping the nation.
Despite Near record Foreclosure Listings Filings in 2007, Foreclosure Crisis Expected to Deepen in 2008
While the year 2007 saw more foreclosure listings come on the books in most states than in any previous years of the recent foreclosure boom, experts are now saying 2008 is primed to be even worse, and that the foreclosure listings epidemic is far from over.
With over 1.8 million homes having already become the subject of foreclosure listings since the beginning of the real estate crisis, it seems that the continued downslide in home values and buyers nationwide is changing the face of the types of foreclosure listings we are seeing appear. In previous years, most of the foreclosure listings activity has been linked to sub-prime mortgages. These mortgages surged in popularity during the later years of the housing boom which preceded the real estate crisis, as they offered low initial cost mortgages to borrowers with bad credit history and low income. The dream of home ownership at a low cost appealed to many, but unfortunately many of these loans carried adjustable rates, which resulted in huge increases in monthly payments due after the first year of instatement. This left many low income homeowners reeling, and sent many properties in states across the nation to foreclosure listings.
Hey, Dumbfuck ... look at that ... it was a crisis despite your insane cries that the crisis didn't begin until the summer of 2008.
And you never did answer the question ... what percentage of blame do you assign to Republicans vs Democrats? Keep in mind, Republicans = 4 years, 0 bills passed; Democrast = 1½ years = 1 bill passed