Big-screen TVs: prime time to subprime
By Marcie Geffner, Tuesday, May 12, 2009.
Plenty of people have been blamed for the nation’s mortgage meltdown and housing market slump: Irresponsible lenders, incompetent regulators, unethical brokers, spineless appraisers, greedy investors, foolish homebuyers and even headline-hungry reporters have all been said to have participated in some way in the factors that triggered the crisis.
But so far, the real culprit has remained on the sidelines, where it has been often mentioned but never directly accused in so many words. The plain truth, as I see it: the big-screen TV is to blame.