Is it the banks fault? or is it the Dumbells that signed the adjustable rate mortgage?

First off and foremost I blame the banks for giving loans to everyone who were not qualified to be homeowners, most of these people should be renters and should have never qualified for the loan.

When you have to borrow money in order to place the down payment on a home you should not be a home owner.

I feel sorry for these people who were duped and I do not think it's the governments responsibility to bail the homeowners or the bank out.

For the people that are losing out because they thought they could make easy money flipping houses.... too bad, live by the sword, die by it.