Who caused the Mortgage Crisis?
As the mortgage crisis in the United States continues to worsen (now, one in six homes are in danger of foreclosure), it seems everyone is scrambling for a scapegoat or alibi. Like all disasters that impact a large portion of the nation´s population, or the economy, the issue of ´who is to blame´ has quickly transformed into a political matter. Predictably, the talkers of the Right are stepping up to defend interests of business, while the Left lines up behind whoever seems to be the most vulnerable underdog. As with most such things, one side can easily accuse the other of ´blaming the victim´, and this seems especially true in this case. Is it the fault of a hiker who steps into a bear trap for not looking where he was going, or is the trapper to blame, for laying a hazard so close to a nature trail? So too is the muddled matter of the mortgage market. Did too many people try to bite off more than they can chew? Or are the banks succumbing to the siren song of greed? In all honesty,
