Speaking in Las Vegas, Barack Obama blames “predatory lenders” for the “foreclosure crisis.” No details, of course, of how the couple he cites in his speech was bamboozled into buying a home they couldn’t afford and signing a document they didn’t understand, but no matter.

Obama notes that Nevada has a high rate of home foreclosures without mentioning that a lot of investors played that hot housing market and then walked away when they crapped out. (That messy detail wouldn’t fit the predatory lender narrative.) Always better when speaking to a union audience to blame Republicans, along with “Wall Street and K Street.” Oh yeah, lay out a whole buffet of tax breaks for “hard-working Americans.” That’ll clean up the mess.