What idiot thinks that ‘sub-prime’, the lending of money to people who can not pay if back, is a good idea? What supper idiot thought it was a good idea to guarantee it?
Even in business the weak die first. It keeps the herd healthy.
That would be Greenspan, Bernanke, and Congress who encouraged this idiocy. The Administration of Bush and Clinton also encouraged this. These are our visionary leaders who do not understand the nature of man.....'here, Mr. Borrower. I want to loan you other peoples money, so I can collect a big fat commission." But wait, "You have no job or visible means of income....no problem....you qualify, here is a big fist of other people's money, minus my 8% fee. Thanks".
It is just that simple. Some people ought to have their nutsac cut and denutted.