Quote Originally Posted by carl View Post
There are thousands and thousands and thousands to blame, starting with the lenders who made foolish loans to those who took them and moving on up the line. All these people forgot about tomorrow and bet that things would always get better, always. It is as if "an institutional bias against rational thought" has become a national character trait. If it has, that is the big security risk.
True, Carl, and many at the lower end will pay by losing their homes. It does not however obviate reaponsibilty at the CEO level for pursuing those policies whether we are talking Fannie May, Mac, Lehman Bros, or AIG (and whoever comes next). Oversight has to mean penalty.

Tom