Oh, there's plenty of blame to go around.  But government policy has been one of the major driving factors.

Kind of like how the "high tech" Nasdaq bubble which burst several years ago had largely been driven by overwhelming media hype at the time in regards to the internet.  The media saw the web as something new & exciting for them to talk about (which it was) -- but they wa-y-y-y-y-y overplayed the propaganda about the "dot com" angle.  Of course, a large number of fools with money listened to the media and rushed out to do the media's bidding -- to their own destruction.

Likewise, the government has pushed and encouraged (and demanded under threat) certain lending policies from financial institutions........it's been a major factor leading up to the current mess.  Unfortunately, the "fools with money" part has followed along behind.

It's probably not unfixable.  It's just another item to add to the butcher's bill for the taxpayer to shell out for.

Our taxes stand to get tripled a couple of years from now.  I hope not -- but it's a danger that we're under at the moment.  Raising taxes to the sky is an absolutely wonderful idea under the current circumstances.  But then again: rasing taxes to the sky is always a wonderful idea.  It benefits everybody.

snort

Uh......I think that we're getting a little OT here ().  But that's not unusual when threads begin to stretch out............

Something To Do At 3:00AM