The saddest part of the subprime mess is that even honest middle-class Americans were screwed by it. Many who weren't bad credit risks and continued to make their mortgage payments every month lost (or are losing) tens or hundreds of thousands because the home they purchased is now worth a fraction of what they paid for it.
I don't feel an ounce of sympathy for the greedy lenders who took such foolish risks. I don't feel an ounce of sympathy for the greedy borrowers who took out a mortgage that was way beyond their means. But I do feel a great amount of sympathy for people who, through absolutely no fault of their own, saw the value of their homes plummet because of the housing bubble created by the first two groups.
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