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The Person in Your Class Most Responsible for the Subprime Crisis

While most ex-mortgage securitizers blame the crisis on indolent single mothers who borrowed recklessly, a few can't quite suppress the guilt.

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The guilt, the shame, the yearning for a bonus

To say that one person should be held accountable for the current economic meltdown would be ridiculous. But if there is one individual in your class who clearly had a direct role, she’s the one. On a campus near you.

Who?

The Person in Your Class Most Responsible for the Subprime Crisis

Resume to date?

Mortgage Brokerage – mostly providing “new opportunities” to “underserviced communities” for a “small profit”.

Commonly found?

At the mall, not really buying anything, just using her visit as a coping mechanism to reassure herself that she didn’t single handedly tank the world economy.

20 years on?

Working in the slums of Nairobi, still trying to wash away the guilt.

Most likely to say?

“I don’t really like to talk about what I did before business school.”

Least likely to say?

“Yeah, you know that whole financial meltdown thingy? My bad.”

Blows her loan on?

Therapy.

Eats?

Mostly salads, punctuated with the occasional midnight pint of ice cream downed with a sense of shame and self incrimination.

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