“lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.”

[OWC Jamie]

mikeylikesit wrote:
...a quote from Mr. Bush.

Could anyone here explain to me how there can be irresponsible borrowing without there first being irresponsible lending?

Anyone?

You know no one who has run up several credit cards and gotten into trouble ?
Blame the credit card company ?

No one who has bought drugs and not paid for them ?
Blame the dealer ?

No one who has gambled borrowed money and lost ?
Blame the house ?


There were and are those who played the system and got caught.


There was creativity on both ends, thoroughout may be a better analogy.

There were and are certainly victims .
There were and are plenty thet knew they could be victimized and took the risk.