Originally Posted by leiden

I would completely agree with what you said. However, I would also have the banks take some responsibility for loaning money to sub-primes that they knew could not afford the balloon/interest-only payments when the time came due. The fact is, the banks did play some role in this as well. They are not blameless as they made risky decisions too and lent money to people who shouldn't have gotten loans in the first place. There should have been better oversight on behalf of the banks.