No, the only thing that happened is that lots of people bought things they couldn't afford and, unsurprisingly, couldn't pay for them. That's it. It doesn't h

No, the only thing that happened is that lots of people bought things they couldn't afford and, unsurprisingly, couldn't pay for them. That's it. It doesn't help at all to blame banks for this. It's readily apparent that if you purchase a house, regardless of the terms, you will eventually need to pay for a house. It's not rocket surgery. The corollary to this is that "if you can't afford a house, don't buy a house." Anybody ignoring that simple fact is likely to run out of money. Many of us realized this, didn't buy things we couldn't afford, and therefore still have money. It's amazing that people would expect to blame some random 3rd party for their own foolishness. http://www.hulu.com/watch/1389/saturday-night-live-dont-buy-stuff http://www.hulu.com/watch/1389/saturday-night-live-dont-buy-...