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post by
FuckIsMySignature
at 2011-07-29 01:50:57
ArrowHeadNLI said
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This entire debt crisis is about CREDIT, and the irresponsible use of it.
i agree with this. but in order to expect people to spend their money responsibly and live with in their means, they have to educated about how to do so. the major failure by our country is in that department. and i feel that a good majority of the rest of the people suffering out there were either Uneducated about the poor lending decisions they were making or outright Mislead by irresponsible financial institutions (Ie. sub-prime lending.) Mislead about their abilities to repay the outstanding loans offered at the time just so big banks could make a larger profit. this cannot be ignored.
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