[Dan40]

The industry assumed that the houses would continue to appreciate. They should have got their fingers burned for their wrongful assumption on "Good" mortgages.

The sub prime, WORTHLESS, mortgages were forced by Congress passing and or repealing laws to prevent poor lending practices.

What the industry did should have caused them to loose money and fire some executives for poor leadership. That's the normal, natural cycle of business.

What Congress did was to Create worthless paper and put people in houses they would never be able to afford. Congress created an imaginary market with imaginary money. And now they are borrowing more money to pay our outrageous debt. And promising that the totally impossible will work fine.

Congress GAVE [in exchange for VOTES from the poor] the financial industry a license to steal. And now express SHOCK, that they did steal.