Quote:
Originally Posted by ssump29
Quit blaming the banks, yes they took risk but the people taking advantage who had no business doing so deserve just as much fault. Building houses that were to big and couldn't afford unless they got an Variable APR and never thought about when the adjusted rate hit. Just spending every dime that comes in. The people with no self control deserve just as much if not more blame to why a lot of people went broke.
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I agree with this, but it wasn't *just* the housing bubble's burst.
A lot of crap went down at once, and poor management of these companies was a decent sized part of the problem.