Dr. Raghuram Rajan in his book Fault Lines has highlighted that the income of average American was stagnant for quite some time and poverty and inequality were increasing.
The politicians could not improve the income of the people but devised policies to encourage  BIS central bankers’ speeches  1  them to fulfill the dream of owning a house by taking loans from banks and financial institutions at the prevailing low interest rates. Thus, the birth of the toxic product “sub-prime mortgage” took place.