17512 Columbia

Have Americans learned nothing since 2008?

In Everyday Living, History and Heritage, Opinions, Opportunities, Uncategorized on May 17, 2017 at 6:31 pm

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?

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