Quote:
Originally Posted by Ozy_Flame
I didn't. I said a good swath of them lost their livelihoods due to reasons beyond their control.
Personal responsibility is very much a pertinent thing that caused people to live beyond their means. However, the system allowed for it. There were no restrictions, no warnings, no red flags - as long as the rules were wide open, banks had no problem letting the abuse continue. I believe this has already been beaten to death with the keyboard stick in this thread already.
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I think that's a good point, if you're going to let corporations off the hook for simply exploiting the opportunities given to them it's kind of hard to also turn around and blame people for doing the same. The difference is that one side had the expertise and ability to succeed while the other typically did not. To make it worse when corporations failed many of them held such a crucial role that the government was left with virtually no choice but to come to their rescue, which obviously isn't the case for the average citizen.
People were certainly stupid, and that can't be left out of the conversation, but there's a point where government needs to protect its citizens, because let's be honest, most of them are kind of stupid.