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Stanley Bing at CNN Money blogged about the subprime lending crisis and the falling dollar in his article “Who’s to blame for the credit crisis, the housing slump, the weak dollar, and the fear of recession? It’s a guy named Leonard.”

Yes, Bing, you have me interested. Who the heck is Leonard and why is he responsible? Of course, I am expecting a tongue in check answer from you, but let’s find out… Who is this guy Leonard?

It’s clear this whole subprime mess is much worse than anybody anticipated. Things are crashing. Stuff is burning. The best and brightest minds are at work on how to solve this crisis before it sinks the global economy into a hopeless morass that will plague us all for decades. No, wait. They’re the ones who caused it… I believe it is our duty… to pinpoint blame.

Bing goes on to “interview” the former head of a bank, an investment bank board member and a quant who all send him on the search for Leonard Flanken. Bing happens by Flanken who is the janitor:

“Two years ago I took out an adjustable-rate mortgage from this big bank, because they sent me so many solicitations in the mail I could no longer ignore them! Then they sold my paper to another place and then another, and then one day last spring I got a call from somebody I never did any business with before, and all of a sudden I’m supposed to pay $1,500 a month instead of $1,250! I just didn’t have it!”

Flanken is just the guy I warned potential P2P lenders about in my article on the subprime mortgage foreclosure crisis and its impact on your P2P lending strategy.

CNN had several other articles on the subprime crisis today including “Fixing foreclosure’s ground” zero” and “Foreclosure filings: No slowdown yet.” Also, there was an article on protecting your home’s value in an area hit by foreclosures.