Originally Posted by Prunepicker

The stages of the housing debacle...

1. The people aren't getting loans because they can't pay them back.

2. The banks must give these people loans. It's only fair.

3. Oh My! The loan payments aren't being made. Why? Some evil entity (read conspiracy) must be behind this.

4. We must bail them out.

5. The banks must give these people loans. It's only fair.