As the housing market continues to sag and foreclosures increase, there has been a rush by politicians, most especially Democrats, to point fingers. Foremost among them has been Sen. Hillary Clinton, D-NY, who has fed into the “predatory lending” rhetoric emanating from Congress, as well as self-appointed black leaders like Jesse Jackson.

It makes it no less painful for a homeowner, even a recent one who was, in a sense, speculating on the market, to lose their home but for politicians to twist that outcome into the self-serving notion that insolvent borrowers are “victims” because they made and lost a large bet is not only wrong but hypocritical.