Wealth Inequality vs. Foreclosure Crisis

Interesting article on this subject, with good statistic backup:  "Is income inequality to blame for the Great Recession? There are several ways to try to explain the potential connection between income inequality and economic crises. Bruce Judson of the Yale School of Management describes a "Governance Problem," whereby the wealthy use their increased income to control the levers of power to further consolidate their advantages ("insulate, insulate, insulate" as Sherman McCoy might say). The history of financial sector deregulation over the last thirty years tracks this rise in income equality. And many of the economic gains over this period can be traced to the financial sector."

See the full article with excellent graphs:  http://www.huffingtonpost.com/ray-brescia/when-the-rich-get-risky-i_b_695535.html