For every bad loan there was a borrower who chose to ignore the realities of housing prices rising faster than incomes (with no limits on new supply).
People who bought those over-priced homes chose to look-the-other-way in terms of taking on mortgage debt that was later packaged, sold and you are complaining about.
It's all to easy to blame the other guy. Americans should be looking in the mirror.
Too many Americans now believe Obama that the rich will pay for entitlements; that debt doesn't matter; and that jobs can be created in a regulated high-tax paradise.
(Read the article on the technologies of the future: http://online.wsj.com/article/SB10001424052970203471004577140413041646048.html?mod=djemTMB_h)
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