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Originally Posted by BestXXXPorn
2) What corps are you talking about? Any sane economist will tell you that the housing bust was due to government regulation, not the hype about "Greedy Wallstreet". The government forced risky mortgages on lenders, just do your homework and read some reliable information from an economist. I recommend Dr. Thomas Sowell's 43rd book, "The Housing Boom and Bust."
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Instead of doing some "homework" from biased sources, how about using your common sense? 3 major parties are at fault for the housing burst (listed in no particular order):
1) Government for allowing those ridiculous loans to take place to begin with.
2) Greedy corporations and employees for not better filtering applications based on their ability to payback the loans.
3) Stupid/indifferent borrowers applying for loans and living lifestyles that they can't afford or sustain.
To take blame off the borrowers is about as ridiculous as saying it's credit card companies' faults that people get into massive debt, or to blame gun companies for people shooting themselves (or other people). Sure there are exceptions where people are "tricked" into getting mortgages that they can't pay for, but by far and large, people believe what their desire and greed want them to believe, not what their brains determine to be sound judgment.