[nhgunnut]

A contributing factor to this is American public has no memory. We been through this before on a smaller scale in the late 80's and early 90's. We saw what was then "Record Foreclosures" and people acting like it was the banks fault then. Yet by the end of the 90 and the beginning of the new millennium the public was back to signing ARM's and assuming a level of risk that would break them. We are going to repeat this mess if the public in general doesn't get off the credit pipe!
I am old enough to remember when buying something on credit was considered something to be a little ashamed of.
The public was and largely still is the Un-named Co-conspirator in this latest economic meltdown.