How's That Recovery Comin?

[ateamstupid]

Originally Posted by Antitrust32

yeah the government and wallstreet collapsed the entire economy

as I said, nobody accepts any personal responsibility.

max out 10 credit cards and its the credit companys fault, right?

You realize that banks aren't supposed to be able to take on that many terrible mortgages, right? That credit checks and income statements are supposed to be required before a mortgage can be given? And that lenders falsified borrowers' credit scores and signed people's names on other people's income statements specifically so that they could give out massive amounts of terrible loans and eventually pawn them off to bigger banks disguised as AAA securities? The notion that the symptom, people getting houses they couldn't afford, is not only comparable to, but worse than the disease, massive deregulation and intentional subversion of basic lending practices, is absolutely insane.

The idea that lenders can just give mortgages to anybody and they were simply taken advantage of by a bunch of lazy delinquents is hilariously naive.

You still didn't answer my question about why you think gas prices are high. EDIT: Nevermind, I just saw that it has to do with "the **** going on in the Middle East". The defense rests.