I'm against taxpayers bailing out private firms, but this is a mess. Both of the idiot parties are pointing fingers and trying to one-up the other since it's an election year. Here's my question, are the consumers responsible for some of this mess? Specifically in the failing mortgage market. I see young couples with incomes under 60K and have gone out and purchased 350-400K new homes using sub-prime loans underwritten by junk bonds. Several years into these loans, the interest rate moves to the market rate or higher and their note increase dramatically, so they walk away, thus flooding the market with foreclosed homes. How can mortgage companies tell people they qualify for much more home than they can actually afford and how can people be so stupid to sign these loans? I was always under the assumption that you could not qualify for a loan that was more than 2.5 times you net take-home pay.