Well, no joke. If banks hadn’t learned by now that you shouldn’t lend money to people that have a history of not paying it back, then we have a lot of bankers out there that are entirely too dense to be functioning members of society.

The thing that amazes me is that until the sub-prime mortgage “crisis,” it was easier to get a loan for a house than is was to rent an apartment. When I was working for a local apartment complex, one had to actually have good credit, a job, and/or a cosigner to get an apartment lease; this was apparently not necessary to buy a home. What, exactly, did these lenders think was going to happen? All of a sudden people who tend not to pay back what they borrow are going to start paying back what they borrow? Come on!

So, we now sit suffering the consequences of not-so-bright lenders letting deadbeats borrow large sums of money and then – shock!!! – not pay it back. As people default on their mortgages in droves, the stock market plummets and yours truly kisses her retirement fund good-bye.

Maybe there’s a lesson to be learned here. If you figure out what it is, let me know.