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[samaelrocks]

Everyone wants a villian in this financial crisis born from making it easier for some who couldn't buy a house before to get one today. Banks went overboard on the risky loans. And those people who bought sub prime mortgages never bothered to refi because they thought the unbelieveably low interest rate would last forever. Too many villians to name from feel good politicians forcing banks to be easier on borrowers to the borrowers themselves whom failed to act responsibly. Then the banks in between that over extended their exposure to this mess.

http://news.yahoo.com/s/nm/20080923/wl_nm/us_france_economy_sarkozy

Those behind market crisis should be punished: Sarkozy

"NEW YORK (Reuters) - Those responsible for the crisis that has swept global financial markets should be punished, French President Nicolas Sarkozy said overnight in his first reaction to the latest bout of economic turmoil"


Give it up, Sarkozy. There is no single villain except socialism and government intervention that should never have happened in the first place.