Quote of the Day
Somebody had to make the conscious decision to apply for a loan that they couldn’t possibly afford. Somebody had to make the conscious decision that approving that loan was a Good Idea. Somebody had to make the conscious decision that buying up a whole bunch of these bad loans Made Perfect Sense.
They were wrong. Those conscious decisions they made were bad decisions, and Bad Decision Have Consequences.
Unless, of course, the Federal Government gets involved.
LawDog, “Meditations on The Bailout”