Now, the facts are this, these are the people to blame for the housing crash;
1. Sub prime borrowers
2. Greedy bankers, mortgage brokers, mortgage lenders, etc.
3. Incompetent banking management
That's it, I'm sorry, that's the real world and it is that simple; People who are financial deadbeats and those that were stupid enough to lend them the money in the first place.
Alas, you can sympathize with me and my hopelessness about battling ignorance when you read the "comments" section below which belies the true intelligence of the American public and makes "Jay Walking" with Jay Leno, not a staged event. Here are some samples;
BLAME, I blame all the large corporations who send all there manufacturing overseas and failure to take care of the consumers by providing jobs here in the states. Then we can also look at the war, the president, oil prices, housing, There is to many factors to blame just one thing.
Yahoo! Finance User - Monday July 07, 2008 10:39AM EDT
Bush is the number one economy killer...6 billion a month for a unwinable war!!! Oil Monger!
evanbubbafoster - Monday July 07, 2008 10:48AM EDT
Congress and their ability to not care about anyone but themselves.
rlhoman - Monday July 07, 2008 10:51AM EDT
Alan Greenspan and his fellow bankers. Greed is king.
lade - Monday July 07, 2008 10:52AM EDT
Blame the mis led war. Country has spent over trillions on war instead of on its people. It is easy to blame outsourcing of manufacturing and service, where has the innovation been. Americal always innovated that is not true in today's day and age. May be someone needs to think of outsourcing innovation to other countries. We are still dependent on foreign oil. Back in 2001 there was a great push towards alternate energy, with the war euphoria, and the expectation that US will conquer Iraq the gas prices will drop to 50 cents. Well non of those happened and the reality is every one got affected.
invbanker81 - Monday July 07, 2008 10:52AM EDT
That's right, D.... The economy absolutely needs to be paying much more for the products that we buy so cheaply from China, India, and the likes. Maybe pay more for the computer that you are typing on. Just a thought...
stork2474 - Monday July 07, 2008 10:53AM EDT
Bush has killed the economy by wasting 1/2 Trillion dollars on a war that can't be won and never ends.
cherly.gerber - Monday July 07, 2008 10:54AM EDT
Yahoo! Finance User & Arthur M - Your clueless if believe Bush and the Republicans did this by themselfs, Name me a single issue tha you blame them for it and I'll show the Democratic blood all over it.
bigdaddyreid - Monday July 07, 2008 10:55AM EDT
It doesn't take a rocket scientist to figure it out. Greed!
b2u_today - Monday July 07, 2008 10:55AM EDT
Greedy politicians and us fools who keep re-electing them.
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