Pyramid of Greed

I've been reading a lot of articles on the Web these days with different groups blaming each other for the collapse of the housing market.  It's annoying.  The housing collapse and credit crunch are too big and too wide-reaching for it just to be the fault of one group.  There was greed at all levels of what I'm terming the Pyramid of Greed. From home owners maxing out their cash-out refis to real estate agents encouraging buyers to "stretch" to mortgage brokers manipulating W2's the greed went up and up and up right to the office of the President. So from now on, for those on this pyramid, please refrain from absolving yourself of any culpability in this mess.  If you're on this pyramid you played a part. Share This