Thread: Bye Bye Banks and Wall Street
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Old 09-29-2008, 06:05 PM   #212
The Lovely Mrs. tod
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Quote:
Originally Posted by Kevy Baby View Post
About the only Latin I know is Caveat Emptor. While there were mistakes made on both sides (lenders and buyers), the majority of the blame seems to be falling on the lenders. We always want to go after the big bad evil corporation but I don't think that people (individuals) take the responsibility that they should.

Again, I am not letting the lenders off the hook in a wholesale fashion; just pointing out that a lot of people made some stupid decisions.
Oh, agreed. But I don't think we HAD to end up where we are because of them. Slamming the door shut on lending wasn't the answer, it may have been the last straw. This has been simmering for several years now, I maintain that it could have been fixed long before it imploded.
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