housing crisis, who really caused it?

[reelapeelin]

Perfect Storm of socio-economic conditions...politicians on both sides of the aisle not paying attention as we sent them there to do, the general population going about their own business of survival, as we must, people wanting to better themselves and being told by people who know better that they could, toss in a large dose of "the ME generation" and a simular amount of human nature manifesting itself as greed in this case...

All the hurry uppers who want it now are scary as hell...

I'm hearing credit will dry up and businesses from small to gargantuan won't be able to borrow money to run their businesses...OK, I get that's a problem...so why not loan it directly to them instead of recreating the lenders who loan it to them, who got us here in the first place?...that way it could be lent out at much lower rates and really jump-start the economy...there'd be nothing artificial about it...

[spareparts]

Reel, thats a great point, lend it out like the small business loans, but make it strick. I have an excellent credit rating, I work hard to keep it that way. It tee's me off that all these idoits are out there borrowing money for a tv for 5 years, or buy a used lexus and finacing it for 10 years. Like I said before, no one needs a $50000 pickup, no one needs a $90000 car. no one needs a $750000 home that sits on 1/2 an acre, common sense seems to be a rare comodity. ACt like you have ome common sense people. Right now, my biggest expense is health insurance, it cost me more than my home loan, all my utilities, all my property taxes. I'm stuck with it on my daughter and my wife, I can't change it do to preexisting issues. I'd like to go at least one year with making some insurance executives beach house payment for the year( the Doctors I deal with earn every bit they make). Whew, I feel a little better now, where did i leave that bottle of Bulliet at?