Quote Originally Posted by Fuchs View Post
So the big story was the gross incompetence of the banking sector and the lack of effective government oversight.
The entities that made the bad loans did so because they were forced to by the gov. Gov oversight made sure that they made the gov imposed quotas of loans to people who were poor risks. So the big story was the gross incompetence of the gov.

Quote Originally Posted by Fuchs View Post
To blame it on lenders is disingenuous.
Your right, and I didn't.