[taxcontrol]

It was not the “purfumed princes” as you call them, that created this mess. This mess belongs SQUARELY with the Dems attempts to implement their socialist agenda via “affordable mortgages” that FORCED banks (through the threat of lawsuits) to make loans without consideration if the individual could repay them.

Don’t blame Wall Street when it is Congress’s fault

[indcons]

Congress DID NOT create the non-CRA-mandated sub-prime lending or the toxic derivatives/instruments that were the primary reason behind this meltdown.

The government played its useless bit, as governments always do, but this crisis is primarily the making of the modern-day robber barons.

As Salvemini said, “It’s fascism when profits are privatized and losses are socialized” [paraphrase].

[MahatmaGandu]

Wall Street cooked up the idea of bundling shady mortgages and then selling them as mortgage backed securities and a whole lot of these CEO's you're championing here didn't hesitate to risk their investor and depositor funds on these glorified Ponzi schemes.

I do not disagree that the Clintons started the ball rolling, but it was greedy and short-sighted leadership on the Street that made the situation worse.