Originally Posted by woj

Common people benefited from repackaging of these mortgages, AAA rating, etc as much as the banks. Without all these financial "tricks" mortgage rates would have been a percent or 2 higher, meaning $100s of dollars more per month for homeowners. So everyone was benefiting from it, everyone was part of the "scam", but when shit hit the fan everyone started pointing fingers at the banks?

Not to mention that the core of the problem is that homeowners took on loans they couldn't afford... "predatory lending" or not, it was the homeowners that signed on the dotted line, they were driven by greed just as much, if not more, as the bankers...