The news today – “Household Debt Makes a Comeback in the U.S.” – is shocking.
Americans thirst for spending seems boundless. Big McMansion mortgages, big cars’ and SUVs’ loans and leases have big debt. And a new player, student loans, is now bigger than credit card debt.
Today’s sharp drop on Wall Street – probably influenced by hyper erratic governance in Wonderland – may be another sign.
So who’s to blame for the 2008 fiasco – the worst financial debacle since the great depression?
“So who is to blame? There’s plenty of blame to go around … read the last paragraph of this article (“Who Caused the Economic Crisis?”) and consider … is this happening again?