So how would you define the American dream? For the last ten years, being a "homeowner" has been labeled as the epitome of the American dream. I might be wrong about his but since when did home ownership become a right of every individual in America regardless of their income and part of banking and monetary policies to be regulated by the government?
The way I understand the American dream is one's opportunity to rise to a level of personal success that the world would not have expected of nor given to you. If you look at the great "American Dream" stories, you find individuals that came to America and worked their fingers to the bone building a business, organization or just plain hard work every day of their lives to provide their children with that which they did not have. America doesn't care who you are, where you're from or how many times you've failed. Everyone has a chance to become whatever they want to be-by their own merits. THAT is what makes America great.
Again, I don't understand why owning a home is synonymous with being successful or taking part in the American Dream. And my government doesn't have any right to regulate the banking policies that require banks to lend to people with insufficient income to repay those loans. Some of the happiest, most successful families I know rent their home and live the American Dream more than the doctor on the hill with a million dollar mortgage.