[Socon-Econ]

It's a left-wing myth that CEO’s caused the melt-down. The financial melt-down was due mainly to rampant real estate speculation, which, in turn, was generated by (a)government loan guarantees and (b) demand caused by government policies forcing banks to lend to borrowers with weak finances (Community Reinvestment Act, no law enforcement against ACORN bank bullies, etc.) Here in Virginia, Latinos with no capital were flipping houses. Also, some loans surely went bad simply because of the recession, as folks lost their jobs and their ability to make mortgage payments.

[ReleaseTheHounds]

I like you’re rant... let me add:

and people (inside fixers) like Franklin Raines and Jamie Gorelick walked away from their roles and responsibilities at Fannie Mae having “earned” (looted) $120MM and $40-50MM, respectively. I guess Mr. Raines was pressed to give-back about $20MM, so I’m sure he feels very put-upon. And both, I’m sure, are still sitting on boards and providing easy access to “those in power” for more “fixing”.

Of course, Fannie Mae was providing an important “social good” with their Alt-A lending. /sarc