take a class on reading comprehension. cheap labor had no part in the housing collapse and no one is saying it did. the accessibility of illegal immigrant labor contributed to both the falling construction wages and the unemployment of millions of american workers, but it was the demand for increased home ownership and the necessary loosened lending requirements that led to the housing market's collapse. that demand was made at the federal level, all for the sake of making us feel better about ourselves and garnering a few extra votes at the polls. you're right, the government couldn't make those lenders approve those loans, but it could make life unbearable for those who refused to go along with the plan. look to the success of ge, a giant in the lending industry, for a sample of the perks of going with the flow. its profits barely felt a bump as the nation reeled and its chairman finds himself at bambam's elbow, a favored position that enables him to secure even greater benefits for g.e. and for himself. blame the banks all you want, they most certainly deserve it, but reserve some of that scorn for the masterminds of our economy's demise.