Are we all familiar with LIAR LOANS by now?

Let's review:

Every time a home was purchased an appraisal was done as part of the application for a mortgage. The appraisers were pressured to deliberately inflate these appraisals.

Homeowners realized they were struggling to make payments on a property that was not worth the paper it was written on. (Okay, that may be an exaggeration.)

Many of these victims who were caught in the scam eventually lost their homes and were angry as they were evicted from these "McMansions."

Out of frustration and shame some of the evicted families damaged and defaced the property.