Why should anyone have learned a lesson? If anything, the “Financial Crisis” taught us that being a deadbeat borrower or reckless lender will make you a victim; often, a rich victim.
The deadbeats were allowed to squat for YEARS while us loser renters paid our rent dutifully every month. If we renters were to stop paying, nobody would have revolted or marched to protect our rights to stay in our rentals for free or significantly reduced rents. Nobody is crying for us when we can’t earn a low-risk interest rate over 1% for short term savings vehicles — losing money every year because of the inflation that was forced on us in order to save the aforementioned “victims.”
Yes, it’s easy to become disillusioned with our financial system and govt, but at least we should be able to sleep well at night. Hopefully, someday, those who’ve tried to be more conservative and responsible will be rewarded for their efforts…but don’t hold your breath.
