On Sun, 08 Feb 2009 09:25:29 -0600, Ken Fortenberry
wrote:

We're all going to have to sacrifice but I don't buy into the notion
that this economic catastrophe can be attributed to the citizenry.
That sounds like George Will pontificating from on high and it's just
flat out wrong. This catastrophe was caused by a lack of regulatory
oversight. It wasn't the poor schmuck who bought more home than he
could afford, it was the bankers who called that 'C' rated mortgage
a 'AAA' rated mortgage and the so-called regulators who let them get
away with it that are at the bottom of this pyramid. Take thousands
of such mortgages, bundled them up, sell them as if they're 'AAA' nine
or ten times, leverage them some hundred fold as derivatives and then
stand back and watch Lehman Bros. bite the dust. Don't blame this on
the citizenry.

Exactamundo. And the failure of F and F can be attributed to those
who had oversight on them, namely Barney, Dodd, Obama, et al. I can
still see the clip of Barney in 2006 saying, "There is nothing wrong
with F and F. They are doing well." Horse caca!

Dave