Michael Lewis, author of Liars Poker, has an article in the latest issue of Portfolio that is an excellent explanation of the whole mortgage meltdown mess.
This is a must-read for anyone interested in how we got where we are today.
I think, if asked, Lewis could come up with a list of people who should be in prison.
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You can't place all the blame on those young investment bankers who supposedly had experience in handling our money! Where were Schumer, Dodd and Frank during the times this meltdown was beginning? And Clinton and Carter? For starters, this mess was caused by mainly the extremely liberal Democrat illuminatis with their give-aways to people who weren't qualified to buy homes and the CEO's with their excessive bonuses and salary. We had to put up with these greedy hogs for years and when we thought--possibly--there just might be some change with Obama, here they are again in his administration! Some change! It's the same old, same old! I just hope that when we perish, they're right behind us!