So tired of getting blamed for the mortgage meltdown! Wall Street needs to be looked at!

It is time someone spoke up and shed the light on the right folks that are really to blame for the mortgage meltdown.  I have attached some old rate sheets from Chase.  We brokers sold products given to us by our lenders, in this case, Chase.  All the lenders had similar programs.  Keep in mind brokers do not underwrite loans and brokers do not fund loans, the Lenders do!  These loans were created by Wall Street, packaged into securities by Wall Street and sold to investors all over the world by Wall Street.  It was not the lenders or brokers that brought these loans into the country. it was the Federally Regulated Chartered entities!  State lenders and brokers had to follow their own state predatory lending laws.  Lenders like Chase, Wells Fargo, Bank of America preempted these laws, received a bailout and the irony of it all is they are now blaming the lenders and brokers for the whole mess!  Wall Street NOT Main Street is where Congress should focus their efforts to assure this does not happen again!  I am a small broker in Alabama and I see the clarity of the situation and do not see why our Congress does not! ChaseFlyer.pdf