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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Not to pound on you Ozzy, but its not a businesses job to be the financial concience of their client.
Most organizations go simply by credit reports or credit scores, its not their responsibility to budget for these people or tell them what they can and can't afford to do.
Plus and lets be honest, if a company told you that you couldn't afford a house, most people would stomp down the street to the next mortgage broker. And plus where are the red flags on the consumer side shouldn't people be applying common sense when they whip out the credit card?