One Chart That Explains the Entire Financial Crisis

``3%! Simply amazing. 3% isn't even close to serious. If you are only able or willing to put down 3% you simply aren't serious about homeownership. It's laughable. 3% would have gotten you laughed out of any bank in America prior to 1994. Yet by 2007 40% of all mortgages had less than 3% downpayments. It's additionally frightening to wonder what that number would be for less than 4% down or 5% down, still totally laughable and un-serious levels of equity.''