One word, "fraud." I smelled a rat when I saw the "ReFi madness" and the prices going up due to low interest rates by the Fed. Wasn't it all about giving people the illusion that they could go out and spend money that they didn't have by using their equity in their homes as a ATM to boost consumer spending. It was just "another bubble" created by Greenspan to keep Bush in office and make it look like the war didn't really cost anything.

The books were cooked across the board, by the banker, the appraisers, the borrowers, and the Fed.

We've got to fault many people in this debacle. Middle class buyers who've watched too much TV and can't imagine living in a small home. How expensive do you believe most TV homes are? Builders seeking huge profits who built homes way too big for middle class pocketbooks. Appraisers who bowed to industry pressure to over-value homes. Lenders seeking profits and doing everything possible to make sure that buyers could buy the overpriced homes. Republicans who have sought to deregulate everything and have brought us everything from the Savings and Loan mess to this current mess. And in every case, it's we middle class tax payers who have had to save the richest Americans, those supposedly fearless entrepreneurs, with our tax dollars. So we get it coming and going, thanks to conservative trends which have been going on now for 27 years... since Reagan. Middle class? Do you still want to vote Republican or conservative. How you doing these last 27 years?

What was the board of directors at Merrill Lynch thinking when it allowed disgraced CEO Stan O'Neal to back a truck up to the company loading dock and fill it up with $160 million in bonus-and-termination payments after O'Neal presided over at least $8 billion in losses?

This can't be true. Creepspan said it was all bush's fault. Can't these rats hang together?

I guess he warned Goldman Sachs next, because they made out like bandits over the subprime scandal (netting like 10 billion dollars).