Lenders Had No Monopoly On Subprime Culpability

Previously I had the temerity to place just as much if not more of the blame for the subprime mortgage crisis on greedy and/or stupid borrowers. Well, here is an interesting story that adds "criminal" to that list of adjectives. To be sure, there were hucksters selling mortgages to the unsuspecting (who should have been more suspecting), but it seems there were also hucksters taking money from the unsuspecting (who also should have been more suspecting). Alas, all the fallout will focus on the lenders and of course the do-gooders will overshoot, as apparently they already are.