Always listen to Buffett??

[SarahG]

This crisis goes all the way back to the Clinton years. When new laws were passed to lighten up credit. When this happenened everyone thought they could buy a house that was way out of there league. Now the people are paying the price. I saw one lady on TV who siad she made $37year. She was able to get a mortgage for a $700K house. Common, she knew that she could not afford it. The principal alone comes out to be about $2K a month. Less than she brings home.

Yes, when in doubt, blame clinton!

How about greenspan telling people its impossible for there to be a housing bouble?

How about him telling people that if a bouble existed, it couldn't burst?

How about him telling people that everyone should get adjustable rate mortgages?

How about all these predatory lenders that were ONLY giving minorities adjustable rate mortgages.... when they qualified for normal low interest fixed rate mortgages?

[lahabra1976]

The truth is I think if you want to blame someone, you have to make a list a thousand pages long, the democrats, republicans, clinton, bush, even ourselves. Finger pointing gets us no where cause a problem this big can't really be blamed on just on one person, better yet one group of people.