Quote:
Originally Posted by island911
tabs, why do you think WAMU is in that much trouble? --From my experience they have been one of the more responsible lenders.
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In this case "responsible [mortgage] lender" is analogous to "petty thief" or "recreational drug user" or "small-time bank robber" as opposed to "professional thief", "hardcore meth-head" or "big-time bank robber". They're in no way innocent.
All these guys got in on the party and guzzled down the poisoned Kool-Aid. The extent to which the various players get sick (or die) depends on how much they had AND how good their immune system is. But they're all going to at least get sick and some are unquestionably going to die. . . Which ones is anybody's guess right now.