03-09-2009, 01:04 PM
No I feel ya. I just think that because people can by stuff with credit they tend to do so instead of saving.
We just saw the government force lenders to lower standards for lending which exacerbated the problem. It also ran real estate prices so high that folks started speculating with real estate.
We need to lower our personal standard of living. We need to pay the price of thrift and doing without till we can afford.
The vagrancies of lending institutions , I can't account for.
We just saw the government force lenders to lower standards for lending which exacerbated the problem. It also ran real estate prices so high that folks started speculating with real estate.
We need to lower our personal standard of living. We need to pay the price of thrift and doing without till we can afford.
The vagrancies of lending institutions , I can't account for.