The list of the most responsible in declining order:
Govt: allowed “IT” to happen without intervention.
The drug cartel
The growers
The middlemen
The dealers
The street pushers
The users
Nobody held a gun to the end user and made them inject/snort. If the govt had required skin in the game over 50% of mortgages would have never occurred. 100% financing was THE main cause.
Greenspan and low rates weren’t the problem.
Rates are lower today and there is no housing bubble.
The true criminals: Barney Frank, Chris Dodd, etc.
Hanky Panky Paulson did a perfect job of raping the taxpayer without using KY jelly and transferred wealth to his Wall Street buddies.
AIG was given billions so that Goldman Sachs could be paid for gambling on CDS’ and Lehman Bros was allowed to fail because they annoyed/crossed Paulson on the way up.
Never forget: Foreclosures are not the problem- Foreclosures are the solution. HLS
