1. Lenders all of levels simply ignored fundamental underwriting guidelines. It doesn't matter if Joe Blow the homeowner tried to get a mortgage he couldn't afford or if his credit was strong enough to do it without documentation. Underwriting rules simply say, ” show us how you're going to pay for this” plain and simple.

2. As of April 2009 lo' and behold Fannie Mae have been given actual financial incentives per loan modification from Obama's new plan to help with loan modification. This loan modification incentive which is only a little less $1000 pales in comparison to all of the proposterous bank fees service providers like Countrywide were charging for late fees, reinstatement fees, etc.

3. Has someone forgot basic math. High unemployment to the tune of a half million or more a month without an end in sight is the elephant in the room no one, not our government or bank official want to discuss as it relates to the overall health of our economy.

4. The internet and technology has played a MAJOR role in the destruction of our financial economy. Everyone likes to point out including the former CEO of Chrysler, that we've been through this before in the early 80's and America will come back.

I disagree that we've seen this before. This is an entirely different animal with us today. Our society and the captains of banking industries didn't have near the level and sophisticated technology we've had in the last decade. Technology and the internet are not inherently bad.

However, hustlers on Wall Street have been in a far greater position to create and peddle their scams and ponzies at lightening speeds across the globe using technology unlike something the world has ever seen. It will only get worse.

How can you contain the thirst for power and wealth by any means necessary. These guys would sell their mother for a dollar. You can't.

The elite look out for the elite and will continue to do so–plain and simple.