I don't want to get into the blame game. I just would like to see us get smart enough to prevent this from ever happening again. Blaming this 100 percent on the borrowers is denial of the basic problem. It is like putting a group of little kiddies in a room with a big cookie jar with the lid off and expect them not to go grab a cookie. The loans were not only being offered, they were the preferred type of loan of lending agencies because of the potential for longterm, high interest rate entrapment of customers.

Ultimately you have to credit that there are some critical factors that will impact everyone with a recessession. This is in the same category as the stock brokers buying and selling oil to make a profit and jacking up the price of gas at the pump to DOUBLE causing runaway inflation and national economic hardship. There are limits to GREED that must be imposed.

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