Hmmmmm . . . UPDATE: 12:30 PM: I am sick of the "It's the fault of people who did not pay their mortgages" CRAP! Per Mathew Yglesias;
Nobody forced financial firms to make large, highly leveraged bets on the loans.
-It was conservatives who blocked regulation of credit default swaps.
-It was conservatives who watched as the housing bubble developed and it was conservatives who blocked any action to try to ensure a soft landing once the bubble popped.
-It was conservatives who said we had to make the taxes of the ultra-rich individuals who brought this problem upon us as low as possible.
-It was conservatives who blocked efforts to curb predatory lending and it was conservatives who blocked efforts to investigate fraud more robustly.
-Prodigal Son
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