Who's To Blame For The Subprime Mortgage Mess?

The New York Times explores this question:

• Everyone wants to know who is to blame for the losses paining Wall Street and homeowners. The answer, it seems, is someone else. A wave of lawsuits is beginning to wash over the troubled mortgage market and the rest of the financial world. Homeowners are suing mortgage lenders. Mortgage lenders are suing Wall Street banks. Wall Street banks are suing loan specialists. And investors are suing everyone.

For the rest of the story, see If Everyone’s Finger-Pointing, Who’s to Blame?