You can borrow this money, we'll make it easy, interest-only, no job necessary, don't bother about providing any deposit, credit score, don't worry about that, we can bundle the upfront money into the loan itself, 2% interest which may or may not adjust later, it might even go down etc etc.
Very easy to blame the poor, unsophisticated and financially illiterate saps who were being told all this by the financial equivalents of used-car salesmen on the back of saturation advertising by the likes of Countrywide.
I blame the banks who made these loans, Wall Street who bundled and sold them as though they were sound, credit rating agencies who looked the other way and the government who guaranteed a lot of it. Now that the house of cards has collapsed, as anybody not too busy making money off it all could have told us, we are told that we cannot allow Wall Street to fail because of the dire consequences etc etc and must bail them out.
Idiot boy and his advisers who were at the center of the whole mess produce a three page document and tell Congress that they must pass it pretty damn quick and trust them to implement it without any input(yes, that lot, the geniuses who gave us Iraq). So beer and pizza all round, late night sessions, produce something, anything at all, by Sunday and pass it by Monday.
Are you fucking serious? Might as well vote go the whole hog, vote for McCain/Palin, hope for McCain to become unfit to be president and get sassy Sarah to sort it all out between visits to pray for God's guidance at her church in Wasilla.
