The market didn't cause mortgage rates to plummet and make the financing of enormous sums possible on nearly stagnant take home pay. We'll see if history assigns the blame for the bubble to Greenspan, or blame for the crash on Bernanke.
oh, yes it did.
The cause of most of this is lack of common sense on the part of the mortgage holders. They sign up for silly loans like interest only, etc just so they could 'get rich quick' off the real estate boom. Some got lucky and got out before the bubble sprung it's leak. Others didn't. That's their own fault.
How about a little personal responsibility? No one forced another to buy real estate, no one put a gun to anyones head and said "Sign this adjustable rate mortgage or I will kill you" If people are to damn stupid to take the time to understand the possible consequences of their actions then they deserve all they get.