So, real estate values have been steadily increasing over the past decade or so, and then we had the boom.  Who is to blame for the boom?

A closer look at who is actually making the loans in insightful.  As you can see, 4 major players are in the market:  1)  Government Sponspored Entities (Freddie Mac and Fannie Mae (and FHA)), Commercial banks, thrifts, and ABS issuers.

Who are ABS issuers?  Well, they weren’t even born until the mid 80′s, and they quickly crashed.  But it can be argued, and well documented, that ABS issuers contributed to, and largely influenced the CRASH that we are paying for today. [Read more...]