The debate over whether the blame for the crisis should rest with lenders or borrowers misses a crucial point: if lenders couldn't offset their loans to Wall Street, their practices couldn't have spiraled out of control.
Sam Pizzigati, Too Much: A Commentary on Excess and Inequality. November 26, 2007.
Shareholders are losing their shirts, families are losing their homes, financial industry workers are losing their jobs, but investment bank bonuses have never been higher. Can anyone explain why?
Barbara Ehrenreich, Huffington Post. August 22, 2007.
We may be witnessing the first time in history that the downtrodden manage to bring down an unfair economic system without going to the trouble of a revolution.
The presidential candidates could get the attention of even the most apathetic voters by talking seriously about the crushing interest rates that are burying more and more Americans.
Paul Krugman, The New York Times. August 19, 2007.
The real-estate bubble of recent years, like the stock bubble of the late 1990s, was both caused and fed by widespread malfeasance. Now, those same bad actors want to be rescued by the "nanny state."
