Isn't it ironic that

[roguebanshee]

Final person at fault is CONSUMER for being and IDIOT and signing up for this stuff without consulting financial adviser or thinking things thought. It is all great to blame the big companies but they did not make anybody sing those mortgage papers people chose to do it themselves. If they would have thought more about it or gave another thought to it they would not be in the mess. The companies are at fault with improper risk management of these loans.

Of course, if the advisor is paid by the number of loans he manages to get signed, as has just been revealed to be the case in a couple of banks here, things do change a bit. The customer should still be critical, but few people will be alarmed (or even find cause to go over the numbers), if their bank advisor tells them everything is ok.