What are the benefits of the housing crisis?

Answer 1

One of the main benefits is that we are addressing some of the faults in our banking system - where investors are allowed to gamble with people's money. If the gamble pays off, they get huge bonuses. If it doesn't, our money is gone. We are now paying the price.

Bankers are still getting huge bonuses now, and the rioting that we see in Greece and France is not just a flash in the pan. People are angry that the system has let them down. Governments have let them down. Bill Clinton brought in a lot of the laws that allowed banks to take more risks. But it's not his fault - he is merely a pawn in the game as it was the large banks and corporations through their millions in donations and through their thousands of lobbyists in Washington that control the country.

All this gets exposed in the current housing and banking crisis. And it makes us think about what is really going on.