On Tue, 04 Sep 2012 09:23:38 -0400, Kurt Ullman wrote:

In article , "ChairMan"
wrote:

Ed Pawlowski wrote:

thats why I blame more people than the banks. Realtors, appraisers,
title companies all knew that things were wacky.
they all knew what they were selling wasn't worth the price. I
refinanced and had an appraiser ask me what amount I needed to get it
done.
They didn't care, they all got their money on the front end, screw the
guy at the back end

And the buyers have their share of the blame, too. Had a bunch of
friends talk to me about how they knew they couldn't pay it back, but
they KNEW that the price was going to keep going up and they would make
plenty of money before the balloon payment, etc. You have to have the
buyers.

Yup. Plenty of blame to spread around, however I pin the biggest share on
government for making the ground so fertile that the weeds outran them.