And tator: you don't know what you are talking about half the time. You don't see or hear or work with these issues. Nothing is clearly black and white. Although in this case, there's LOTS OF BLACK AND WHITE TO SEE.

I work in a law office, and we have clients needing help because of lending practices in the last 3 years.

It's not that these people were stupid although in some cases they were first time buyers and naive, but the smaller mortgage brokers were out and out liars. Apalling. We have had to deal with these thieves on the phone and in writing. Absoultely without out any integrity at all. People tend to trust the lending institutions because of the past history. However, this was a new ballgame.

Not only that, the appraisals were being "cooked" for these loans. Properties that were not anywhere near the value that they were mortgaged for. After the closing, even before the "crash" these people were upside down in their loans.....

Wall street loved this. Get'em fast so we can bundle the notes, sell'em and make "our pile".

The Fed knew about these sharks.....Dear Alan Greenspan said that it was not the Fed's job to enforce the laws on the books....our wonderful President wasn't going to kill a cash cow for wall street.....so here we are folks.

Talk about thieves.

The federal government"s unwillingness to regulate corporate America in terms of free market profiteering has resulted in economic disasters throughout American citizens lives. For the past 8 years American citizens have watched corporate foxes guard the hen house!

Actually the person who will benefit is are the folks did not take a loan they knew was to good to be true.

They can now take their hard earned money and buy a really nice house with a very low fixed rate.

I know you moonbats like to blame the lenders, but I blame the borrower. They are the ones who choose to take the risk and they are the ones who did not follow the old advise in the world. "If it sounds to good to be true, it probably is."

When I went to buy my first house 30 years ago ARMs were all the rage. I read every word of the mortgage contract and ran the numbers against a worst case scenario (something like, get injured and can not work). I found in the worst case I would not be able to make the payments, so I passed.

The folks that are whining and you moonbats that are blaming the lenders are ignoring the fact folks that are in trouble did follow the same simple sound financial strategy.

They gambled. They put there financial future on a bet and now everyone is blaming the card dealer for their stupidity.

If the are honest, they can sit down with their kids and teach them "See what Mom and Dad did was real stupid, don't do it when you grow up."

The Liberals will teach them, "The evil corporation made me sign a contract I never read or evaluated, if things change."

I'll betcha a sub-prime-rib that 'Autonomy' won't do squat for any of the banks that buy it... but I love the scam they are running and wish to hell I had thought of it first.

All things considered ...

No one benefits from the subprime crisis, no one.