[quote=SK in CV][quote=njtosd]
Let’s not be ridiculous here. Without the “bad borrowers” there wouldn’t have been a problem. They were not the only source of the problem, but they were indispensable, just as the banks, etc. were.[/quote]
The bad lenders knew they were making bad loans. If they don’t make those loans, there are no borrowers, only denied applications. And there is no bubble.[/quote]
And many borrowers knew that they were overextending themselves. The banks (or bars or bakeries or casinos) are not there to save us from our bad decisions. I believe all businesses should act ethically and that there is a lot of accurate criticism of the financial industry. But we’d all be better off if everyone made careful decisions and honored obligations.
