Why is Wall St asking for socialized mortgages and government intervention while...

[Paul G]

...the housing market collapses? Shouldn't they just "make it on their own" or "pull up their boot straps" or "get a better job" or "tighten their belt" or "get more education" or any other cliche that they themselves used to help people that are in trouble.

[JackD]

The mortgage company failure is starting to drag down the hedge funds.

What started out as a second bush savings and loan type scam may generate a depression.