Mon, 11 Feb 2013, 11:03pm PST
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I think the matter of proportionality is vital to any discussion of culpability when it comes to banksters vs buyers during the bubble. And in my opinion, the lenders and the big players who securitized the loans into toxic derivatives are the more EVIL by many a mile.
I'm no fan of the reckless, guileless consumer; but the housing bubble was a trickle-up wealth engine by design. It was a flawless design, too, with taxpayer funded backstops for the architects whose turbo-charged greed caused the inevitable implosion.