[quote=AN][quote=CA renter]Everyone in charge of originating, bundling, rating, and selling the “toxic” mortgages and related derivatives, etc. should take the first hit. Either they were grossly incompetent and totally undeserving of any profits they made (least likely), or they are criminals (most likely). I’d put Alan Greenspan at the very top of the list. After that, would come every single person who got in the way of investigators/auditors/whistle-blowers who were trying to do their jobs.
You don’t actually think it was all one big “accidental” mistake, do you?[/quote]
Would you also add in those who made money from RE by selling at the peak? How about those who expected the down turn and short the market when it start to crash?[/quote]
Sure, but we’ll have to subtract the cost of their rent while they bubble-sat. 🙂
