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So much blame for the economic crisis on irresponsible home buyers?

Predatory lenders are just to blame. Thousands more of long time homeowners are also going into foreclosure, not because they are irresponsible, but as a result of loss of long term jobs, paying out of pocket expenses for outrageous medical costs (including those not covered by their present or former employers) struggling with the high cost of inflation from every direction. Many have depleted their life savings. This economy has been going downhill for at least the past five years. So what got us to this point? All comments appreciated. Thanks pstot, I was wondering where all the economists were tonight. Maybe in Washington!

Asked By: Marina - 10/1/2008
Best Answer - Chosen by Asker
Criminals in high positions of power got us into this situation. Their greed and their taking advantage of the system, and their manipulation of politics to do away with most of the protections provided by the Constitution was key in setting up this mess... More
Answered By: pstottmfc - 10/1/2008
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