Quote:
Originally Posted by Tully Mars
I think the banks own some responsibility. They were loaning money to literally anyone and everyone...
Not only did the banks issue cards to just about anyone they made credit limits on those cards way beyond what I would consider responsible.
|
I agree, but it all comes down to consumer choices. We (hey I'm guilty too!) should know our own limits. Just 'cause they offer it doesn't mean we have to buy into it.
I know many who are in dire situations now who still feel they have to make sure their kids have what they want for Christmas. That ain't no bank's fault. 
-----Added 27/11/2008 at 10 : 08 : 48-----
Quote:
Originally Posted by dc_dux
IMO, banking deregulation is the prime suspect which opened the floodgates that led to the greed and irresponsible behavior in housing finance lending, investment practices and spending habits at both the corporate and personal levels.
Yes, I am suggesting that sometimes we benefit from having the government protect us from ourselves.
|
True. We need educating.
__________________
We are always more anxious to be distinguished for a talent which we do not possess, than to be praised for the fifteen which we do possess.
Mark Twain
Last edited by jewels; 11-27-2008 at 07:08 AM..
Reason: Automerged Doublepost
|