[Skybird]

Can't one just shoot this bunch of criminal pathologic egoists? Why are we expected to let them continue destroying our societies?

They are truly the cyanide of this modern world.

http://www.businessweek.com/magazine...s+%2B+analysis

FHA-Backed Loans: The New Subprime

The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more

As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers—many of them the very sorts of firms that helped create the current financial crisis—are going strong. Their new strategy: taking advantage of a long-standing federal program designed to encourage homeownership by insuring mortgages for buyers of modest means.

You read that correctly. Some of the same people who propelled us toward the housing market calamity are now seeking to profit by exploiting billions in federally insured mortgages. Washington, meanwhile, has vastly expanded the availability of such taxpayer-backed loans as part of the emergency campaign to rescue the country's swooning economy.

For generations, these loans, backed by the Federal Housing Administration, have offered working-class families a legitimate means to purchase their own homes. But now there's a severe danger that aggressive lenders and brokers schooled in the rash ways of the subprime industry will overwhelm the FHA with loans for people unlikely to make their payments. Exacerbating matters, FHA officials seem oblivious to what's happening—or incapable of stopping it. They're giving mortgage firms licenses to dole out 100%-insured loans despite lender records blotted by state sanctions, bankruptcy filings, civil lawsuits, and even criminal convictions.

More good news from the wonderful world of unregulated market economy. rules for business? Are we totalitarian communists...?

Well, in the end it is the logical conseqeunces of a system that declares unlimited selfishness a virtue and claims that it is the only way to do business. that it not only allows deformations like these practices, but even encourages, and even demands and commands them, is just a logical consequence if the law of the strongest is valid and egoism at the cost of the community is rewarded.

We now earn what we deserve. And the more we defend this system, the more we deserve to be betrayed by it. that the system in the long run simply does not function, and necessarily will bring the society running it to a fall, is an almost unimportant - at best: curious - foot note of history already. when you object regulations completely, you get anarchy. And anarchy does not build, but brings down.