In the following video, Motley Fool financial analyst Matt Koppenheffer takes a question from a Fool reader, who asks, "Reports are that the administration is, 'again,' pushing banks to lend to less well-qualified applicants. While many on the right have blamed the bursting bubble on this 'past' practice -- was it broadly a practice or did banks generally exceed just lowering standards to the point of fraudulently punching up applicants to meet standards, issuing the loans, packaging them up, lying about them to investors and getting fat... Debunk the myth that the bubble burst because of greedy consumers."
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Ask a Fool: Did Greedy Consumers Sink the U.S.?
NYSE: BAC
Bank of America

Was it consumer greed that brought the housing bubble crashing down on our heads?
Matt Koppenheffer owns shares of Bank of America, and so does The Motley Fool. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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