Someone told me if your going too be dumb then you better be tough. Yes, it is tough to be one of the only kid in the class with a different point of view or the correct answer. If your correct they hate you more. Media has pushed for a poster child of the housing bust and the banks have dodged and weave and have been met with minimal damage. Just look how well they weathered the storm, that is the proof. And they pushed for legislation that allowed them into MBS market and then they used the weapons of mass destruction know as CDOs and CDSs. Those instruments multiplied the problems a hundred fold. The banks are no doubt thinking it worked once it should work again, after all it was all the fault of the GSEs. AIG and the banks lied on the valuation of the mortgages and some of the non bank lenders were the worst. Banks and used media too change history and we are on the cusp of doing it again. I get making money but too make it on bad policy without thinking about the consequences is going too be tragic. We are heading to the abyss and all the money will be useless. It doesn't even burn good.
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