That wasn't the banks money they were lending out, by way of the Federal insurance, that was your and my money they gave out. The bankers had a fiscal responsibility that they failed to uphold, and they should be held to account.
Not sure who here wants to let the wall street component off the hook, but there is a total lack of holding dumb (or fraudulent) borrowers to account too. That was my point.
And the lending component became totally estranged from the packaging of the credit default swaps and the other esoteric instruments packaged by banks.
Simply trying to get some proportion in the debate. The media acts like folks who BORROW FOUR HUNDRED THOUSAND and allowed to live in a huge house were somehow “held up” — it makes no sense.
Don't count me as one of them. The directors of the banks (and the rating companies like S&P and Moodys) should be in jail for the harm they have perptrated on this country. Instead they are getting record bonuses. It is called corruption. They should be in jail.