Jews? I worked in a brokerage house and there were (surprisingly) few Jews in there. Back in the 1930's, it was the Jewish economists that wanted tighter regulations on how banks could spend their capital. Charles Keating wasn't Jewish, neither was Kenneth Lay or Negroponte. You can't blame it all on us.

100% financing is always a scam. Who the hell would loan you than kind of money and not ask you to put down any of your own? Only if they could make a profit BY CHARGING YOU MORE ON THE REPAYMENT AND THEN TAKING BACK THE HOUSE"ADJUSTABLE RATE" would make me run screaming from the office!I was in the homebuilding biz back in 2003 in New jersey. I saw a lot of the buyers get burned. But I can't blame them. They didn't know anything about loans. I did. I got out unscathed.

Economists ignore the CREDIT CARD debts that are part of the problem. A lot of the homeowners had credit card debts, which kept them from making mortgage payments.Congress needs to BAN credit card issuers from advertising on college campuses, and ban them from offering cards by mail, email, or fax.And ban people from having more than one card.

Bush/Cheney legacy at its best

Anglo-Saxon Free Market Dogmatic Capitalism is BUllshit.

aahhh am happy i paid all my house off and i dont have to worry =D

moral of the story.Dont get in over your head

wake up and take back the coutnry!!! throw these banker scum out throw out the money man get rid of the middle man

Excellent analysis of the crisis.

the jews and banksters at the FED did it o.o

the new world order is here...only so called rogue states represent ressistance

The new world order is being imposed on you, weather or not you want it to. Governed by Rockfeller, Rothchild, CFR, Bilderberg.Its so currupt and minipulated that "THERE IS NO LAW THAT REQUIRES YOU TO PAY TAX IN USA!"Search google for ZEITGEIST THE MOVIEIt's unfair business, unfair stories, unfair explanations. Playing God, knowing their plans for us. Knowing where we are going, while we dont. It isnt nessesary, we dont need a new worldorder. WAKE THE **** UP and spread the word!

Peoples' livelihood is lost in just few months. It does not finish there, the bad credit will haunt these victims for many years to come.

Genius Jews! Look, whoever you want to be the villian behind this, you've got to admire their chutzpah...if I could have been on the ground floor of this racket, I wouldn't have given a fuck what happened to the losers on the other end. Let's drop all of this precious posturing about 'ethics', human nature basically is, fuck over anyone to get what you want. There's nothing too different going on here, and all I'm saying is, don't resent the winners...if they were/are you, you'd love it!

We are in the middle of the one of the worst financial crises since the 1930's. WAMU is next on the chopping block how many bank failures can we take? Were going to need a leader not a high school drama. Im sick of seeing people loose there homes, jobs, saving, and everything they've worked so hard for. Please people we need to all hand write Ron Paul on the Ballot. McCain and Obama, are going to do nothing for us but bad mouth each other!! We need answers not Drama!!

IF the company can afford it, did Enron employees that were high in the company get 'six digit payouts'?

They're more likely to get six digit payouts while their companies go bust and thousands of ordinary employees are fired.

journeymanpictures: explain yourself how the US economy will recover. I think you are the only one how have wish full think with no prove.

Your doing a great job man, being prepare for economic callapse is a good thing, true i HATE Americans who being such a BITCH towards poor foreign people. They laugh at immigrants and think they are BIG and BAD. FUCK THEM. Yea they might live confortably and have lots of cash to spend, but what i really hate is when Americans Shitting and treating Immigrants like they are DOGS.

Question: What will the eventual human cost be in all this, come October 2008?