Quote:
Originally Posted by BlueRooster
The article has some merit, but is overly opinionated and biased. Blaming wall street for everything bad, is weak and cowardly. Everyone is to blame for this mess...everyone.
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That's the most accurate statement I've seen in this thread. If you can't afford to live within your means then don't spend money you don't have. The exceptions however are those that borrowed to put children through school, get required surgeries, and other emergencies.
Those that borrowed for the sake of moving up and living beyond their means are heavily responsible. Those that did the checking to make sure those doing the borrowing could afford to make the payback are the other side of that responsibility factor.