Should wall street be held accountable for the housing and banking situation?
Yes, Wall Street and the people there in should be held accountable. All Americans rich and poor should be held accountable by law. Laws should be created because the people on wall street always say, "They committed no crime".
Let me ask you a question. Are they responsible? The answer to that question is "Yes they are". So, when you are responsible for creating an undesirable condition, you are also responsible to repair or pay to repair that condition back to a healthy state. The fact that the question is even up for debate speaks to how brainwashed out society has become.
Most definitely. Those that were not only responsible but profited by the situation should face criminal charges. They made out like bandits, raking in govt funds, betting on their own bad choices... And still paying themselves great bonuses. I live in Florida, possibly the hardest hit state in this whole fiasco. Most people have no idea of what has happened here and someone, someone should be answerable.
In some respects I believe Wallstreet has some responsibility. Poor banking regulations and corruption in the banking industry caused the banking problems and I don't believe Wallstreet has anything to do with the housing market.
I wrote a hub on the housing market that I think you might find interesting. My theory on the housing market is that there isn't anybody that can fix it. It was a problem that was caused through a predictable course of the Baby Boomer generation. Check this out. http://allenwilliams.hubpages.com/hub/H … lf-Century
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