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Originally Posted by GoldenRivet
It is the fault of lenders for loaning money to those who could not afford the loans
it is the fault of borrowers for borrowing money they knew they could never have a hope to pay back
collectively - every sector of the financial industry is to blame.
the question is...
... what are we all going to do about it?
stimulating the economy does not rest with tax cuts, or trillion dollar bail out packages.
the consumer has to consume goods and services, and industry has to employ people
I think congress would do well to cancel these bail outs and develop a 2 year plan to bring back ALL - or at least a majority of - the manufacturing jobs that the United States has sent over seas.
offer perks and incentives to those companies who do so.
you cant expect results by repeatedly injecting subsidized cash into the markets.
the banking industry has to learn and grow from this embarrassment and if you just dump hundreds of billions of dollars onto them when they screw up - nothing will ever change.
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Amen brother
Now, everyone, go spend some money!