I prefer to think of it differently. Loose lending is like a gun, and flipping like a bullet. It was the bullet that killed someone, but only after being aimed and fired by the gun. Which one is to blame?
– Id argue the person who pulled the trigger. (Fannie/Freddie/Congress everyone is looking at you)[/quote]
Don’t forget the Federal Reserve. IMHO, they are culprit #1. Everything else flows from there (and from those whom they regulate).
