Building Flawed American Dreams
Mr. Cisneros, 61, had a foot in a number of those worlds. Despite his qualms, he encouraged the unprepared to buy homes — part of a broad national trend with dire economic consequences.
He reflects often on his role in the debacle, he says, which has changed homeownership from something that secured a place in the middle class to something that is ejecting people from it. “I’ve been waiting for someone to put all the blame at my doorstep,” he says lightly, but with a bit of worry, too.
Long engaging story even if tainted by the contributions by "Poor Gretchen" of CR infamy.
It took a lot more than one administration leaving the tiller untended. It also took an administration to steer the boat towards the abyss.