<<There are a LOT of different folks to be blamed here, including those who bought those McMansions and are now defaulting on them..>>
... when the above statement is true, and it may be, then no one in particular is to blame
if one country is to blame, it would be usa, the guardian of the usd
if two cities are to blame, probably new york and washington
if three organizations are to blame, perhaps usa congress, harvard, and goldman sachs
if four individuals are to blame, could be greenspan, bernanke, summers, and milton friedman
china is very far away from the center of blame, just doing its systemic reform, working diligently, saving, investing, and trying not to be stiffed |
