We have privatized profit and socialized loss;
We have over-regulated S&Ls;
We have demanded loans to people who can't pay;
We have mortgaged with low down-payments;
We have subsidized debt rather than down payments;
We have substituted credit scores for judgment;
We have masked risk with "insurance;"
We have used government to subsidize systemic risk;
For all these, forgive us, pardon us, grant us another bankroll to try again.