[altlend1]

Who is John Galt? When will Atlas Shrug? Do the words of this CEO surprise anyone? This sub-prime meltdown (what a term) is a beast put into the American system, and subsequently the world, that once again the government must *fix*??? (or the same bank that saved our grandparents in the Great D for a tidy profit). There will be those that point the finger at the non-document reading borrower ("who just wanted their first home"), the commission hungry brokers (who had to make their own mortgage payment - hey everybody, call your broker now and see what he is doing for a living), or the CDO starved hedge funds (you name them). Who is at fault when it was a collective problem form the shoddy new contruction builder to "the Street" who placed billions in the market to fund the 2/28's and 3/27's. Do we forget that the money was looking for a return and the fees from the packaged CDO's was what the hedge funds gorged on while putting the risk off on teacher retirement pension fund managers (I wonder if they can use the same "I didn't read the docs" excuse?) This is not solely the fault of the little guy driving the '93 Jeep.