Date: 2011-03-22 11:32 pm (UTC)
I think the greed of the banks and a lack of government regulation are the main problems but I also think that individuals do need to take responsibility for getting themselves into mortgages that they could never afford to pay off. I agree they should never have been offered these mortgages in the first place and I don't think these individuals were greedy, but I also think that these people didn't think the decision through properly.

Despite this, I also agree with what you say - a lot of people were responding to market conditions and this was hideously inflated at the time.
This account has disabled anonymous posting.
If you don't have an account you can create one now.
HTML doesn't work in the subject.
More info about formatting

June 2025

S M T W T F S
1234567
8 91011121314
15161718192021
22232425262728
2930     

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Jun. 10th, 2025 03:52 pm
Powered by Dreamwidth Studios