First of all, if you look at the chart at the end of the article, you can see that the level of inventory is nowhere near 2008 levels and is close to levels tha

First of all, if you look at the chart at the end of the article, you can see that the level of inventory is nowhere near 2008 levels and is close to levels that have occurred many times before. That aside, why are we acting like spec home inventory caused the financial crisis and not the fact that subprime debt was issued to people who never stood a chance of paying their mortgages?