Quote:
Originally Posted by chemgear
"Debt problem? There is no debt problem . . . oh THAT debt problem. Don't look at us, the government has to stop us from lending to people that can't control themselves.
Can I interest anybody in some more rope to hang themselves with?"  
http://www.theglobeandmail.com/repor...rticle1839794/ |
The banks are just businesses trying to make as much profit as possible. They're not going to screw themselves over by trying to fix something that the government should be regulating. I mean, if one bank decides to do it and others don't follow suit, then all of a sudden they give the competitive advantage to their competitors. What they should be doing (and have been doing) is sound the alarm bells so that the government can address the issue. Honestly, I don't find the banks at any fault.