Its actually infuriating you guys absolve borrowers from any kind of fiscal responsibility ..... its horrifying.
Fiscal responsibility, no, borrowers don't get off the hook for that but for equally sharing the blame with lenders, bankers, legislators, etc...; no, the blame lies solely on the part of our political representatives for deregulation allowing the financial institutions, bankers, Wall Street to exploit the new laws and create this mess we are in.
You can post your elitist bullshit all you want but what it comes down to is banks and other lending institutions became predatory lenders and the borrowers the prey. Ultimately, the lending institutions had final say on whether loans by high-risk borrowers should go through - fiscal responsibility goes both ways.
The blame for our financial mess lies in Washington and Wall Street.