I love it, so someone who has a job, and probably a family, should be praised for ranting unprofessionally while at work and calling someone who might have been layed off and can't pay their bills a "looser".
That's really nice. Perhaps this guy will get fired from CNBC and be looking for help to fund his condo in the City
A lot of people with bad loans aren't in that situation because of only their own poor decisions, they are to some degree also a product of a highly dysfunctional system.
For instance, the same system which inflated housing prices also inflated mine allowing me to carry a higher equity line of credit. I benefit from this while it is the result of actions primarily from others.
It's a system.
Should there be more personal responsibility? Sure, it certainly would have helped in some situations. But we also need more regulation to keep the lenders in check.
You guys keep telling me that regulation is a bad thing. Sometimes, I'm not even sure what you believe any more.
-spence
Threaded Mode