I posted a reply but its not showing up, whats up with that?
Building specifications can act as a legal means of assigning blame or fault which can come in handy when push comes to shove. A majority of the instances of the faulty drywall were inexpensive builder grade homes targeted at first time home buyers. The builders were cutting all legal and non-legal corners they could to garner a piece of that bubble action and now with the economic downturn they have left town so to speak. In these homes the builder controlled just about everything and it was a very competitive market at the time. Ultimately the responsibility for the drywall falls on the people that signed the original contract and that can vary, but most likely it is not the home buyer that bears the responsibility yet still must endure the penalty. In my opinion the entity that is supplying the majority of the funding for a home building process should provide a means of making sure they product they are financing is done according to the specifications they themselves provide.
One of the things that facilitated this fiasco is something I have mentioned before in the past and that is the innate ignorance and apathy of the average home buyer in the US. This combination of personal flaws is startling and at the same time perplexing. How can sane people enter into long term, hugely expensive contracts on things they have very little knowledge of and do so without any legal backing as well? If this thing is as big as I've heard it will most likely receive a gov't backed bailout and the financial support will be borne by the taxpayers and others and those responsible for the mistakes will skate.