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Jim Richards Jim Richards is offline
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Join Date: Nov 2001
Location: SoCal
Posts: 29,522
Quote:
Originally Posted by turbo6bar View Post
Actually, the blame goes everywhere. There are very few innocent players in this game.
  • bankers
  • homeowners
  • realtors
  • appraisers
  • investors who failed to analyze securities
  • Washington DC bigheads
  • ratings agencies
  • mom and pop investors looking for riskfree yields far in excess of treasury yields

There was a total breakdown across the board. The "More Bad RE News" thread was proof of the denial, greed, and stupidity.
You need to revise "homeowners" to "homeowners who were too greedy, stupid, or optimistic to buy the the house they bought."

Then you can follow up with a list of who bails all these "players" out.
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Jim R.
Old 03-10-2009, 10:22 AM
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