On the housing bubble bursting

A judge in Massachusetts has come down on two banks that held mortgages, then foreclosed on them.

Link to story.

I have said for a long time that there were two major problems that led up to the housing crisis - banks knowingly lending to people that had no business borrowing money, and people knowingly borrowing money they knew they could not repay.

Seems the judge in this case feels the banks should have to suffer their fair share for the mistakes made. You know the people that were foreclosed on have already suffered.