The financial crisis in our country is due to bad mortgages.Who is the blame and who should be prosecuted?
The person who received the loan that he should have known he could not afford
Blame the Mortgage Brokers who knowingly accepted and in many cases created the false information to get the person the loan. (remember the mortgage brokers worked on a percentage. Once the loan went through, they got their cut and went on to the next victim)
Blame the banks because they actually gave the loans based on the Mortgage Broker’s information without checking it out. (Note: If the banks processed the loans in a more timely fashion, there would be no need for a Mortgage Broker)
The Government who made the money so available to the lending institutions with no one overseeing the actions.
Come up with your own view