Prime Targets in the Vicious Circle of Blame

Sunday March 22, 2009, Dateline NBC aired a piece called “Inside the Financial Fiasco,” in which Chris Hanson finally takes a break from exposing sexual predators to take a closer look at the current housing mess.

NBC attempts to assign blame for the mortgage meltdown, and also tries to make it seem like they have finally identified the handful people who were the “only ones who knew” what lay in store for the economy when Wall Street embarked on the derivatives end-run that fueled the crisis.

So let’s go down the list of people that are prime candidates in the vicious circle of blame, and what their role was in the making of this fiasco.

Click here to read the rest of this interesting article By Guest Author Scott J. Wilson at:

YOUR MORTGAGE OR YOUR LIFE

Tags: Bank Charges, Banks, Chancellor, Credit Crunch, Debt, Economy, financial crisis, Financial Service Authority, Fraud, FSA, Gordon Brown, Government, High Street Banks, Labour Party, Life, Lloyds TSB, Loans, money, Mortgages, News, Office of Fair Trading, Politics, Poverty, Prime Minister, recession, repossession