David Merkel allocates blame for the credit crisis

Here are some of his targets:

1) The Federal Reserve, especially Alan Greenspan.
2) Congress and the Presidency
3) Lenders

4) Borrowers
5) Appraisers
6) Those that originated MBS

8) Realtors
9) Mortgage insurers and financial guarantee insurers
10) Hedge funds, investment banks and their investors

11) Regulators
12) America
16) Academics