Todd Kaufman visits a house he is renovating for resale in Thousand Oaks, California in this September 22, 2009 file photo. Kaufman, chief executive officer of Alta Community Investment, who led a team at Washington Mutual that encouraged the boom in lending by packaging loans into bonds, says that the government is fanning the flames of consumer entitlement in the housing and lending market. "The government is sending a very poor message to people ... you were screwed by your bank and we'll take care of you," he said. "It's a systemic problem in our society and the government is pouring lots of gas on it." To match analysis USA-HOUSING/LESSONS. Reuters Pictures 1 month ago

Todd Kaufman visits a house he is renovating for resale in Thousand Oaks, California in this September 22, 2009 file photo. Kaufman, chief executive officer of Alta Community Investment, who led a team at Washington Mutual that encouraged the boom in lending by packaging loans into bonds, says that the government is fanning the flames of consumer entitlement in the housing and lending market. "The government is sending a very poor message to people ... you were screwed by your bank and we'll take care of you," he said. "It's a systemic problem in our society and the government is pouring lots of gas on it." To match analysis USA-HOUSING/LESSONS.

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  1. Todd Kaufman visits a house he is renovating for resale in Thousand Oaks, California in this September 22, 2009 file photo. Kaufman, chief executive officer of Alta Community Investment, who led a team at Washington Mutual that encouraged the boom in lending by packaging loans into bonds, says that the government is fanning the flames of consumer entitlement in the housing and lending market. "The government is sending a very poor message to people ... you were screwed by your bank and we'll take care of you," he said. "It's a systemic problem in our society and the government is pouring lots of gas on it." To match analysis USA-HOUSING/LESSONS.

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  1. Todd Kaufman visits a house he is renovating for resale in Thousand Oaks, California in this September 22, 2009 file photo. Kaufman, chief executive officer of Alta Community Investment, who led a team at Washington Mutual that encouraged the boom in lending by packaging loans into bonds, says that the government is fanning the flames of consumer entitlement in the housing and lending market. "The government is sending a very poor message to people ... you were screwed by your bank and we'll take care of you," he said. "It's a systemic problem in our society and the government is pouring lots of gas on it." To match analysis USA-HOUSING/LESSONS.
  2. Todd Kaufman visits a house he is renovating for resale in Thousand Oaks, California in this September 22, 2009 file photo. Kaufman, chief executive officer of Alta Community Investment, who led a team at Washington Mutual that encouraged the boom in lending by packaging loans into bonds, says that the government is fanning the flames of consumer entitlement in the housing and lending market. "The government is sending a very poor message to people ... you were screwed by your bank and we'll take care of you," he said. "It's a systemic problem in our society and the government is pouring lots of gas on it." To match analysis USA-HOUSING/LESSONS.

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