Now the home builders want a bailout.

[Seacrest]

rgG wrote:
[quote=GGD]
With this whole housing bubble, and all of these people buying brand new houses that they really couldn't afford, the ones who certainly made out on this were the builders of the house and the Realtors that sold it. They made their profit at the time of the sale with no risk beyond that point.

But now they are all basically out of jobs.
Apparently none of these people ever read Aesop's fables as children (or watched Rocky and Bullwinkle, even).

Surely there were tales there that dealt with these issues.

All the way up the chain, incentive structures were based on churn rates which were simply not sustainable, and now they're suffering the consequences.