The Blame Game

One of the big questions is who is to blame for the housing bubble.

Here is my list:

1. Greenspan & The Feds for the cheap money supply (low interest rates) for such a long time
   
2. Parts of the Real Estate Industry for promoting the bubble and not inducing a does of reality
   
3. Irresponsible Lenders for lending to people who really can't afford it.
4. Fannie Mae & Freddie Mac for bundling up risky loans from
5. Asian Central Banks & other for buying all these risky bundled loans
6. Speculators & Flippers ( for being greedy and fueling this mania)
7. Some HomeBuyers for buying beyond thier means and being ill informed.
8. Parts of the Media for not informing the public about this issue sooner (finally they are commiunicating this)
9. Others ( yet to be determined, please discuss)