I'm tired of hearing about the greedy mortgage bankers who shoved sub-prime loans down the throat of the poor. The poor were getting incredible deals considering their credit rating, and, at least in Georgia, they have to have a lawyer present at the closing, which means they had a neutral third party to explain things to them. If they still took on more than they could afford.... I'm sorry, it's their own fault.

Now look at the alternative. Let's say mortgage brokers had not been willing to extend loans to people with bad credit or low incomes during the period of the lowest interest rate, which was in 2003. Then we would have had a million politicians talking about how cruel the financial system is, and how poor people can't get home loans, and suddenly you'd have legislation forcing bankers to give out sub-prime loans, probably with some sort of incentive.

It's a sad testament to this country that the vilified are the ones loaning money to people who need it, and the "victims" are the people who signed contracts and don't want to fulfill their end of the bargain.

Now I will admit, there is something to be said for how this affects everyone who wasn't involved, but that's still not the fault of the people who made these loans. Look up a newspaper from 2003.... Chock full of stories on mortgage brokers and how they are helping poor people afford homes. And when those poor people went back on their word, now the brokers are evil. Something is wrong in that narrative.