Quote:
Originally Posted by DeltaBetaBaby
I don't think we are really disagreeing here, but I want to be very clear on the fact that banks did things that were flat-out illegal.
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We aren't. I said I agree with you and then typed about the topic.
I already acknowledged what banks have done and continue to do if unsupervised.
Even in that, some of the information was out there and many people were simply choosing to be uninformed about the potential pros and cons. Again, this thread is about those who make a salary that is higher than that of the average America; and therefore people who would claim to have access to resources that the average American does not have access to.
Some people overestimated how flexible their spending should be, some people were just showing off, some people weren't researching--all within the context of bank practices and that other stuff.
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As usual, today NPR was talking about the economic downturn and the implications for employment and housing.