Agreed. Looking at the source it's easy to see why this article is a major fail: Wall Street so desperately wants us to believe that this was all the fault of

Agreed. Looking at the source it's easy to see why this article is a major fail: Wall Street so desperately wants us to believe that this was all the fault of the poor people with bad loans they shouldn't have had. It's pretty funny how they set you all up with all the models and history, and then tell you at the end, to paraphrase, "but that's all wrong because obviously all that bad debt should not have been made, and we don't know why the model didn't work." But we all know that this recession isn't so simple. What about the overheated market? What about oil? What about hedges? What about fraud? Even if we are just taking mortgages to the back shed, take a drive through upper-middle class suburbs of the wannabe-entitled to see a forest of for sale signs and foreclosures.