As Bill Maher told Larry King, "who would've thought that giving mortgages to poeple with no money was a bad idea?" The mortgage investment bankers who made these clearly risky loans and bundled them for sale to sophisticated investors are mosltly to blame, but government should not bail anyone out. The market will discipline the guilty, and aggressive prosecutors and regulators should hammer the greedheads who embarked on this dumb exercise in selling the American Dream to people who had neither a chamber pot nor a window out of which to throw its contents.
