Jeeman,
I am not taking a partisan view on this just yet, despite the fact that one could say “look who’s watch it happened on”. Even then, I don’t think, is very circumspect. My gut feeling is that the bean counters behind the big institutions were allowed to orchestrate this and both parties the Fed and multiple gov. agencies cooperated.National builders obviously caught on fast to the boom or were “in the know”. Maybe it went places they didn’t intend?They probably knew at least some of the fallout would come.I don’t doubt tax payers will be hurt by all of this.

Maybe we will have a depression style spiral to our economy.After so many decades and calamities w/o a remake of the 30’s and discussions here on the board and with friends and family, I will have to see it to believe it. You can bet my eyes are open. My comments were just about how the price tag on houses MIGHT be eventually be affected by the bailouts, worth 2 cents adjusted for inflation since that phrase was coined.