Thanks for your comment. It is unfortunate that all subprime lenders have been painted as villains. The industry, though, certainly did a lot to hurt itself. The big problem to me, though, seems to be that some people just should not own a home. This goes against the “American Dream” ideal. But until we recognize that renting is a perfectly legitimate option — and that perhaps we shouldn’t be converting countless apartment buildings into high-priced condo complexes — I fear that we’ll continue to see borrowers over-extend themselves, with the help of willing mortgage lenders.