The banks make crappy loans, and then the federal reserve buys them up at full price. Sure must be hard to be a CEO of a bank when you get bailed out from your bad business decisions.

Apparently, no one learned anything. It is statistically IMPOSSIBLE that this many people qualify for home loans. Unless those origination fees are are astronomical, there's no way this many people qualify for home ownership. And, once again, this kind of irresponsible financing is going come around to bite everyone.

Because the new mortgage rules the bank lobbiests pushed through completely screw the loan officer in favor of the lending institution. The LO is capped on fees but the bank can make triple what it did before.

Stable banking, like cows and teenagers, depends on the right fences.. The new banking laws are only as good as the regulations that enforce them. One white-collar effort to come out of OWS is a study group of people in the banking business (traders, analysts, risk managers, etc) that looked at the proposed new regs, not for their employers, but instead for us - all of us - the 49.5% + the other 49.5%... www.occupythesec.org - Citizens have worked to provide a 325 page public comment to the SEC, FDIC, the Federal Reserve and the OCC, to comment on the notice of proposed rulemaking for the Volcker Rule.

The banks should be able to make loans to the people they think will repay them and not make loans to the people they think will not repay them....

But oh.. That's right... The government tells the banks that they cannot do that... They cannot discriminate against people less likely to repay their loans...

It is interesting that so many people point their fingers at the banks... When it is government that is the REAL problem!!!!!

when the banks (or oil or insurance) influence the gov and get laws passed and regs modified, and tell us a 1000 times that big gov is bad, so give it less money (to hire fewer regulators..) this is what we get. We get either a blind eye or regulations that make it possible for banks to use your money for risky investment, and to buy some of their own created investments - that is how they hid the risk of trillions of dollars of bad mortgages, AND by getting the rules changed they knew they could foreclose, even with bankruptcy... so, they thought they had no risk (just take the house), or just didn't care. We the People, divided down the middle by social issues 49.5% and 40.5% get caught voting in opposition to each other, which lets the 1% take-all, and no money for regulation, roads, healthcare, etc. EXCUSE ME, but whey would any of US vote for keeping the bush tax cuts that have benefited the richest by Million of dollars, EACH????

fatherofsons - Let's see now... The top 10% in income in the US pays over 70% of the income taxes...

So what do you think would be a fair percentage to pay?

Do you think that the 30% paid by 90% of the population is fair?

How about the 50% that pays no income tax... Is that fair?

It is very obvious that we have an extremely progressive tax system... But that does not stop the liberals from their constant and incessant whining!!!!