Quote:
Originally Posted by cmitch  Who's responsible for this mess are the dumb asses who made the high risk loans to begin with. When John X sees his neighbor, Bill Q buy a big screen TV, he thinks he has to compete by buying one, as well, whether he has the money or not. Mr. Banker man will help him out. That is middle class philosophy, which I do not subscribe to. You've got to remember that many who got these sub prime loans were in no position, financially, to pay them back, but, got them anyway. I used to look at the guy who owned a big house and driving a new Lexus or BMW as 'rich'. Now, I shake my head, knowing he's most likely working 2 jobs and struggling to make payments, just to try to impress people. | Did you even read the article? Not likely.
__________________
Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.
-President Barack Obama, 1st Inaugural address
| 
