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"Liar real estate loans" were the main reason for the collapse in 2008.
Lenders were allowed to accept "stated income" on loan applications to qualify for a real estate loan.

For example, applicants earning under
$100k per year were qualifying for million dollar+ loans by lying about their income. There is a reason there are guidelines to qualifying for a loan. It's to increase the likelihood the applicant can pay for the purchase. In many cases, the government guarantees these loans so lenders will make loans they wouldn't otherwise provide. But, the gov't. currently has strict guidelines. Republicans want to change that and they also want lower interest rates. But without having to put in the work to actually make our economy stronger. That requires time, work and sacrifice.

These bad loans were bundled with good loans and sold to banks on the secondary market until it collapsed.
The taxpayer paid for the f*ckup.

Here we go again. Fake it until you break it. Republicans will give a false sense of a robust economy. The Democrats will have to clean it up again and get the blame because the bubble will burst, once again, on their watch.