Quote:
Originally Posted by zukes
The biggest reason for the recession is that Average Joe American has used credit for everything for years, as credit was and still is way too easy to get.
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Who do you think changed the regulations that allowed lending institutions to give out cards to people without the means to pay for them? Deregulation is usually a dangerous thing. There are reasons, usually historical, these regulations get put in place to begin with. Removing them is usually a huge step backward.