Not Ranked
I do think the sub prime lending fiasco cuts both ways in that there was/is greed in the banking circles and greed on many of the home buyers side as well. There is no doubt some of the buyers were 'duped' by people were accustomed to trusting, bankers, financial advisers, etc. I don't support a 'bail out' UNLESS it is imperative to save our economy overall. That is the message I SEEM to be hearing from the Government, but I don't trust them anymore than I do bankers.
I learned years ago a bank will most certainly loan you more money than you WANT to borrow, not unlike a used car salesman with a black box. He knows he's getting the car back, he knows he's getting the house back, why worry. Sure, it helps a few people along the way, while screwing over twice that number. Whew, no easy way out of this one...
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