Agreed.There are video of members of congress of both parties from 2000-2003 praising the bank executives for 100% mortgages. Yet had they done he opposite and raised the down payment requirement", it would have prevented the excesses of the bubble while allowing most of justified appreciation of the assets. Read a book "Like Yesterday" , written in 1932 about thegreat depression. Scary th similarity f the 20's to the 2000/2012. Bombs on wall street because of perceived greed,Florida Land bubble, over leverage greed and government missteps despite the best intentions.