Wasn't the now housing bubble the then housing sector growth making a major contribution to the economy? Major contributor to the job growth in financial services, homebuilders good fortune, contractors good times, real estate brokers overtime, management companies extending their businesses to match the number of new second home owners up to the furniture packages sellers overbooked?

Has only Goldman and the regulators turned a blind eye or did the mortgage broker employee, visiting for the 10th time the ederly lady around the corner to make sure she takes on a second mortgage she didn't need on a home she and her husband had finished to pay for quite a while ago, has done just the same?