This mess was caused by greedy crooks lending money to people who did not have the means to pay the loan back, it's really that simple. No doc loans, no credit check, no employment verification, all these schemes caused an implosion when the people who got the loans could not make the payments. Wall street bundled them up into bonds, twisted arms to get them rated AAA and sold them, many to oversea investors who didn't know any better. People should be going to jail for this.
Most of these people who got the loans knew what they were doing also but did it anyway. I'm still on the fence about this bailout, I think it needs to be done to prevent a run on the banks and a full blown depression, but on the other hand these banks and lending institutions really do need to die.
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