Quote Originally Posted by Thondalar View Post
I can't speak for PB, but I would say everyone involved was wrong all the way around, on this. To place blame on any one part of the whole is to ignore reality and push an agenda.
I have no problem with that.. the banks clearly gave the loans to people who couldn't afford them.. and the people knew they would be fucked (or should have known) when the balloon hit..

But if the government didn't buy / guarantee these loans.. the banks wouldn't have given them and the people wouldn't have been so eager to get credit that they knew they didn't earn.

The banks aren't in the business to give loans to people that can't afford them. We should let them give loans that they believe can repay them and when they make a bad loan.. let them learn the lesson instead of bailing them out.