[quote=CONCHO]You can blame the stupid people for being stupid but that’s not going to stop this from happening again. Stupid people are always going to exist and they will always do stupid things. The real criminals are the ones that engineered the whole MBS scam and the ratings agencies that didn’t accurately rate those securities, thus inflating their value.[/quote]
No argument here. That’s all I’m doing – blaming the stupid people for their own predicament – not for the state of the market or the economy.
