re: #100 reuven

For each “derivative” that existed, there were thousands of American “middle-class” people who gleefully borrowed more money than they could possible pay back. Yet nobody is interested in holding these people accountable. In fact, they’re getting handouts and taxbreaks worth nearly a trillion dollars, despite the fact that the majority of these loans had some fraudulent element (like lying about income, deducting interest improperly on home equity loans, etc.)

I’m disappointed that our “reform” only includes half the problem.

Why couldn’t the Government, for example, using EXISTING LAWS, audit every government-backed stated-income mortgage and make sure that these people paid income tax on their “stated income?” That, alone, would have recovered billions.

Okay…I know where you stand on reform. Blaming the victims of the housing crisis for getting sucked in by the booming market. Classy.