Shark attacks drop…

So this article appears on MSNBC about shark attacks dropping and my first reaction was "of course shark attacks have dropped, there are fewer net branches in the mortgage business." Then I realized they are talking about real sharks, the fish kind, the ones that EAT people. Well wait a minute. Have you looked at the economy, didn't the mortgage sharks have a lot to do with this? Aren't we seeing whole families consumed by this financial mess? One of the things I have seen, at least here in Washington, is that such a disproportionate number of the bad loans out there were originated by the net branches. Now don't think for a minute that all net branches are bad, but for the most part net branches in Washington chose this business structure to fly under the radar of the Washington Mortgage Broker Practices Act. So the question is "why exactly would they want to do that?" Could it be to avoid the possibility of being held accountable for originating toxic loans? If that's the case why aren't we hearing about these people now being held to account? Am I the only one here that is wondering about this? What have you seen regarding who the players are who actually originated these loans? I would love to hear about your experiences on this. In the mean time many of the parent companies of these net branches are still in business. My last question is simply this; why aren't they the ones picking up the price tag? It seems to me that until the players that got us into this are held accountable and until the markets are allowed to correct themselves no amount of bailout bucks are going to resolve this debacle. The market correcting itself will look more like people digging out from under the storm rather than helicopters dropping little emergency packets from above. It's time to start digging.