The homeowner isn’t responsible because they didn’t know they were supposed to read paperwork and were a little fuzzy on that whole fraud thing. “I totally trusted the guy… and frankly, when the settlement agent pointed out fees and terms… I stopped him and said “shhhhh, I like surprises!” Then the broker told me I could call it my primary residence, and it was totally cool to say I make $10K per month selling Amway.”
The broker isn’t at fault because even though they sold the product, how were they supposed to know if people couldn’t afford it. “I didn’t make the crack, I didn’t fund the crack… I just dealt it.”
The lender isn’t at fault because they were being pressured to offer poor people loans and the market failed them. “I was totally unaware that lending to unqualified borrowers with zero fraud, compliance or quality control based on my assumption that the market would appreciate ad infinitum would be unwise…. I mean if you expect that kind ESP you should really talk to a bank, oh wait… I am a bank.”
The insurance companies aren’t at fault because how were they supposed to know the risk… risk all clouded up by those inconvenient accounting rules. By the way, isn’t the core competency of insurers measuring risk?
The CEOs aren’t at fault because seriously… they just show up for the coffee and the paychecks that rival the GDP of Papua New Guinea – no one mentioned (/grimace) responsibility. “Didn’t I leave behind that whole responsibility thing when I left the small business environment… here at the Big Game, duh, that’s why we invented shareholders…”
The government isn’t responsible…because we have parties now…. not government. There is a new plastic surgeon making the rounds adding fingers to assist with all of the pointing…
Wall Street isn’t at fault because…duh… why would you trust Wall Street … didn’t you watch Wall Street “greed is good” Gecko? That’s like blaming milk for being liquid…
