Financial System Breakdown & Foreclosures – Who gets the blame?

Plenty of blame to go around including high risk lending, regulatory failures, inflated credit ratings, and investment bank abuses.

2-22-2012:  Bloomberg objects to blaming the US Government housing policies as the “major” cause of mortgage crisis.  The greatest blame apparently goes to wall street.  Source:

The recent US Senate report on what caused the financial system meltdown has arrived and there is plenty of blame to go around.  My main question:

Who will wind up paying for the mistakes beside the taxpayer and common US resident, regardless if employed or not. 

The official title of the US Senate Investigative Committee Report is

WALL STREET AND THE FINANCIAL CRISIS: Anatomy of a Financial Collapse

Get it here:

Note:  Once you read this 650 page report, dive into Atlas Shrugged by Ayn Rand – that’s a good read too.

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