Jimmy Stewart? Or used car salesmen?

Don’t know if you caught this, but the heads of two of the largest real-estate interest groups traded barbs this week – over the question of “Who’s to Blame?” For the mortgage mess, that is. The head of the mortgage banking industry’s trade group – the folks who underwrite the mortgages — started it, accusing mortgage brokers of making fat-and-easy profits by putting home buyers into loans without any concern for whether they could repay them. While the banks were, you know, just trying to make loans like Jimmy Stewart did when he ran the Building & Loan in Bedford Falls.

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