Quote:
Originally Posted by Sly
I will concede that the world's financial institutions have certainly played their part in the current global financial crisis. Your absolute refusal to acknowledge that individual people have also played a part in the global financial crisis just baffles me.
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Hell yes the people played a part in it. In more ways than one.
Quote:
Originally Posted by Lucy - CSC
Havent you noticed how in every country world wide they always lay blame at the feet of the people? In America the Sub Prime mortage market etc. How about the people selling the mortgages?
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Business 101. Supply and demand.
The people in the US Demand everything to be as cheap as it can. The banks supplied based on that demand.
Yes the banks knew what they were doing as did the people demanding.
Both are guilty.