On Wed, 30 Jan 2008 08:49:05 -0500, "D.Duck" wrote:

That doesn't excuse the lenders. "There's a sucker born every minute".

There's lots of blame to go around. The real lenders were the bond
holders. They thought they were buying a sure thing and didn't ask
too many questions. And then there were the whole army of middle men
who were making money hand over fist, starting with the local mortgage
brokers, all the way up to the investment banks, bond rating
companies, and bond insurers. They didn't ask many questions either.