Currently there is over 1 billion dollars of college education loans in default. This encompasses a lot of people who now have wrecked credit. The chances of them ever getting a home loan is slim to none.
Thanks to your friends in the mortgage industry these home buyers were manipulated into loans guaranteed to fail. At the time, you were enjoying this scam as much as anyone. You should have known it was too good to last.
There is really very little the president (or any president) can do about these things. Our nation and our economy has changed, probably forever. The American people have had to adjust and sacrifices because of the choices made by big business over the years. Now it looks like all those choices are catching up to the businesses themselves. Welcome to our world.