CommunistHater on 07 August 2009
If it wasn't for Fannie-Mae and Freddie-Mac "Reducing the risk", the Federal Reserve keeping interest rates at artificial lows, the government "encouraging" banks to take on unqualified lenders to encourage home ownership, lawyers suing banks that actually declined people who were unqualifed, greedy home buyers and speculators, and rampant mortgage fraud nothing the banks could do would have been able to have put the system into such a crisis point. You can blame the banks for their exotic mortgages all you want (they certainly deserve some of the blame) but the government and individuals have an equal (if not greater) part in this mess.
Good Summary^ You forgot credit card debt
Repent or be destroyed
