Interesting take on crisis

A lot of "noise" has been written about the current crisis about banks, CDOs and CFDs. A lot has also been written about a default banking system that needs to revised as Wall Street former giants has collapsed and people humiliated (Dick Fuld) while others seems to have lost their minds completely (John Thain demanded a bonus since he had helped the bank out of bankruptcy, what?).

On one hand - as this really great article put forward - no-one forced the bank executives to lend money to people on dubious interest rates, no-one forced the CEOs to repackage weird debt into derivatives and sell these to (foremost Swiss banks). This article by Daniel Gross sees the whole subprime business from a different perspective, as a market that enables millions of americans to pursue their goals such as starting a business, buying a home or restructuring their financial situation. Subprime mortgages is an enabler, not something that we should work against. Its a great piece of information and insight. Read it here: "A risk worth taking"