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Gary Misner:Responsibly Being Irresponsible  - HOME

Saturday, November 26, 2011

There's An Easy, Fair Solution To The Global Debt Crisis -- Too Bad No One Ever Talks About It

There's An Easy, Fair Solution To The Global Debt Crisis -- Too Bad No One Ever Talks About It: "borrowers borrowed too much and lenders loaned too much.
Both sides had good intentions, but the good intentions didn't work out.
And now we're in the age-old situation in which borrowers can't pay.
And, as always, both sides bear responsibility for this situation.
No matter how popular it is to bash Wall Street, no one forced American consumers and European countries to borrow money. And no matter how popular it is to rail about deadbeats and the loss of personal responsibility, no one forced Wall Street to make all those dumb-ass loans."

'via Blog this'

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