[Edratman]

I have become very angry about spreading the onus of the mortgage crisis between the lenders and borrowers.

1. If a person is not qualified for a standard loan/mortgage there is an insignificent probability that they are capable of accurately assessing their financial situation vis-a-vis a substantial debt obligation.
2. If unqualified borowers are assured by someone in a white shirt and tie that their debt obligation is free of risk, they are probably easily convinced that everything is okay.
3. Twenty five years ago, if you did not qualify for a loan froma financial instituion, you could knock on every single door and still not obtain a loan. Thus all the power was, and still is, in the hands of the lenders. On rare ocasions people were able to obtain loans when there was substantial risk, but the lender made a conscious decision to grant the loan for some defined and/or quantifiable reason.

Thus, blaming greedy borrowers has little or no logical foundation. Sure there are billions who desire something for nothing, but why should they have been able to get that loan unless the lenders had motivations that transcended reality?