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.
Heh! Everybody remember the TV ads for second mortgages at 110% of equity?