It was the collapse of the housing bubble that triggered the current economic crisis. As is the case in the aftermath of many calamities finger pointing abounds. There are an ample number of would be culprits. Take your pick; The Federal Reserve for keeping interest rates too low, mortgage brokers for pushing inappropriate loans, ratings agencies for blessing dubious securities, the list goes on. A common criticism aimed at all of these culprits is that they lacked the foresight to see the inevitable housing bust. It was the housing bubble that camouflaged all of the bad decisions.