From a professional on the Greed game link posted upthread:

"Thanks for the article. It does explain some of the elements that led the credit markets into a bubble. There are many more culpable parties to all of this. They are mostly represented by the little guys (and gals) that so desperately wanted to have what they could not or should not afford. All of those millions of participants who were willing to spend more than they earned and finance it with the increasing equity from their rising home values. They did not think of the consequences of what they were doing. They lived for today with the expectation that they could re-finance tomorrow. Without them, the hedge fund managers would not have had the ability to increase their leverage to insane levels. There were millions drunk on greed and the party lasted a little too longÉÉ..and nobody likes a hangover!!!"


A