That works with the loan officers of Banks, and Bank execs that were driven by greed to go after sub-prime markets. 
I don't agree. If people had more fiscal responsibility then the sub-prime markets would have not been an issue. Do we need more government intrusion into common sense? Personally, I think this federal buyout to JP Morgan that finances Bear Stearns is a crock of crap. If more people took an interest into what their actual investments were doing instead of the bottom line, then this would never have been an issue. They (the investors) need to learn to pay better attention and it seems that them losing a fair chunk of cash might be the only way to do it.
Unfortunately, you and I get to subsidize that little lesson. I don't like it one bit.
This sub prime loan crap has been a long time in coming. Just look at foreclosures over the last two years, especially in the sub prime market. They have been rising. Those sweetheart bags that continued that practice of extending credit to people that either had a horrible credit rating (or were so over extended they could not afford it) should have boinking known better. Instead, these people continued giving out credit while closing their eyes to the obvious. Well duh... the real estate market crashed because they fed it more crap than it could ever handle. Add to that all these jerk off builders slapping together the worst built homes ever, and you have a glut that is going to take years to recover from.
I am major peeved about this whole situation, more so that my tax dollars are going to give these investors a break, that these investors created.
Oh, and before you ask; Yes, I do invest, but I research what I invest in before I commit any money. I also never invest more than what I can afford to lose.
