OMG!!! I Can't Believe This. The Gov. Accepting Blame.....

Subprime Lender
Made Problem Loans
On Regulators' Watch By MARK MAREMONT
July 21, 2008; Page A1

Federal officials heap much of the blame for the subprime mortgage mess on lenders, claiming they recklessly made too many high-cost home loans to borrowers who couldn't afford them.

It turns out that the U.S. government itself was one of the lenders giving out high-interest, subprime mortgages, some of them predatory, according to government documents filed in federal court.

I had just posted a blog last week over another article that was pointing the finger at brokers. I can't believe the Government finally stepped up to except some of the blame. ( I'm sure they didn't have a choice. )

It is very hard to condemn others, when you set the bar...