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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 685.33+1.1%4:00 PM EST

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To: not_prudent who wrote (3014)4/27/2010 9:34:26 PM
From: sandeep3 Recommendations  Read Replies (1) of 222156
 
Is the $30K school bus driver who obtained a loan by probably inflating his salary or some other means to get the $400k hacienda not to blame - mostly? What did he think - he could pay for it?

I agree others facilitated this greed - but so what? Why should the facilitators be blamed that much?

I see a show on WeTV about "platinum wedddings" (well, my wife watches it sometimes) - people who are spending hundreds of thousands of dollars on weddings. I bet these shows spawn more people who want to spend similar amount of dough for 1 day! Who is financing this stuff? It is ridiculous!

The fact is we like to consume - overly so. But when the bad effects of consumption become apparent, we like to blame the facilitators.

Same thing about getting obese. Now we are trying to blame everybody but us...
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