Quote:
Originally Posted by RizzyKing
But this is not a thread purely for welfare it is about how in my opinion the people that contributed least to the economic mess are the one's paying the heaviest price for it not just financially but socially as well.
|
I would normally agree with that, but some of the trouble started with money being loaned to people who could not pay it back.
So who really to blame?
The banks loaning, the borrowers who knew they would probably not be making repayments, or governments for not preventing banks from loaning and incurring toxic debt?
Coming from a fairly poor background, I was brought up not to get into debt, but to save for what I needed. I hope I have passed that onto our twins. You should not spend what you do not have.