I have to disagree. The sub-prime crisis was made by the lenders, home builders and borrowers out of "GREED". Lenders teamed up with home builders to take advantage of the low interest rate environment and came up with all kinds of "fancy" loan products to allure those low-income buyers into purchasing homes they couldn’t afford down the road. Our government has been allowing these loan products to be offered to the public. You can say they are particially responsible.

Excellent article.

Is there a question with it?

The only thing that I want to point out is this phrase: "while the Bush administration is proposing an indirect bank bailout by having the Federal Housing Administration cover many of the terrible "subprime" loans."

Don’t reckon for a minute that "covering terrible loans" means that people who cannot afford to pay their loans will be helped by the Federal Housing Authority which will "cover" their loans for them.

The above phrase in the article means that billions of dollars will be given to the Wall Street firms that are responsible financial recklessness to start with.

Many of these people were getting 7 and even 8 figure salaries and bonuses. Yes, that’s 10 million.

And now taxpayer dollars have to be used to "cover" them.

Mercy teacups! That just isn’t right. These people made milllions upon millions of dollars being deceitful, and now they get government "cover"???

And the poor souls who were tricked into teaser rates continue to lose their homes….

I didn’t read all that, and there isn’t a question in there.

Let me guess, you follow Art Bell too.