Mar
6
Financial Crisis who’s fault?
Filed Under Elections | 11 Comments
Todd O asked:
The root cause of the issue is people taking on more credit then they could repay. Mortgages and consumer credit in excess. Companies should have protected themselves and not made so many risky loans but shouldn’t people be more responsible and live beyond their means?
Blue… Did companies hold a gun to peoples’ heads and force them to buy homes, cars etc.. they could not afford? If companies denied people loans you would likely complain about that too, right?
People should not live beyond their means. (you knew what I meant
)
EMORY
The root cause of the issue is people taking on more credit then they could repay. Mortgages and consumer credit in excess. Companies should have protected themselves and not made so many risky loans but shouldn’t people be more responsible and live beyond their means?
Blue… Did companies hold a gun to peoples’ heads and force them to buy homes, cars etc.. they could not afford? If companies denied people loans you would likely complain about that too, right?
People should not live beyond their means. (you knew what I meant
)EMORY