Maybe we did. Hopefully we learned to not use the Fed Govt to bail out fat cat Bankers who make stupid load decisions.
This “crisis” exists only in some mega bank board rooms and the US Junk media ignorant drama queen minds.
Dittos from Texas. Alan Greenspawn raised the usury rates much, much too high, so minds are at work to roto-rooter Alan's sewage drains.
“Hopefully we learned to not use the Fed Govt to bail out fat cat Bankers who make stupid load decisions.”
Sorry, it wasn’t the “Fat Cat Bankers” that forced lenders to loan to those that shouldn’t have gotten loans.
read this: http://www.openmarket.org/2007/10/17/deval-patricks-role-in-the-mortgage-crisis/
This was a Clinton appointee that coerced lenders to give the less than credit worthy mortgage loans or face federal wrath - and he got personally rich in the process.