Where should the blame for our current economic distress be placed? Are people who bought into the housing bubble in an effort to get rich quick by buying one house after another, guilty? Or, do the bankers and mortgage companies and other money lenders, who made loans to people who had less than perfect credit ratings and not enough collateral to cover their loans, bear part of the blame?
We have popularly vilified creditors, but instead of doing anything to punish them, we have given them taxpayer bailouts. Shouldn’t we be doing something to make creditors suffer at least as much as debtors are?
We have popularly vilified creditors, but instead of doing anything to punish them, we have given them taxpayer bailouts. Shouldn’t we be doing something to make creditors suffer at least as much as debtors are?