actually we as Americans caused this mess by not educating our children about the danger of credit and living beyond there means
if the majority of people who took out the loans and such (which are the real problem) had know what they were getting into and been warned about the dangers then most of this woe could have been avoided
insted you had tons of young and middle aged couple getting in to tloans they couldnt afford or need and now when its time to pay back what is owed they dont have teh funds
its also the banks fault for putting so much money out there and not being sure they could recover it...
sure mr smith is it..yes lets see, your not currently employed, you don't have any equity, your business model is a few post it notes, you reference your mother....yep every thing seems to be in order...here is your loan for 145k
next...ya know what i have to be on the golf course in a few where is that approved stamp ...ahh here we go
*approved* *approved* *approved* *approved* *approved*
*approved* *approved* *approved* *approved* *approved*
*approved* *approved* *approved* *approved* *approved*
*approved* *approved* *approved* *approved* *approved*
*approved* *approved* *approved* *approved* *approved*
*approved* *approved* *approved* *approved* *approved*
*approved* *approved* *approved* *approved* *approved*
*approved* *approved* *approved* *approved* *approved*
well you get the idea, but go on blame a minority of people
