[saddlebum]

No one seems to be able to accurately pinpoint where, when or how our horrific economic situation will culminate. The blame game is widespread. There are few, if any, executives involved, without guilt.

Apparently, lending practices of Fannie Mae and Freddie Mac to middle and low income citizens without adequate, or even, no collateral, is the major culprit. Of course, lending to citizens who ordinarily couldn't afford to buy homes is the reason for FM and FM's existence. It was first initiated in the early 90's ?

Everyone can't afford to buy a home immediately or necessarily go to college. The American Dream usually requires years of hard work and sacrifice. Most times when we give folks their dreams in place of their earning it, it turns out bad. Winners of lotteries are a good example.

CEO's of all of these failing corporations receive monstrous salaries and bonuses whether they're making money or being responsible in their position. Cronyism and greed is rampant and seemingly bipartisen.

Barney Frank (D), president of the banking commision is getting much scrutiny. How did this evolve into such a catastrophic mess without his recognizing and reporting months ago. Was this ignorance, incompetence or trying to protect his cronys ?

It's my hope that all of these greedy CEO's will be scrutinized thoroughly.