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View Full Version : Who do you blame for this economic crisis?


RFSTB
Apr 4th, 2009, 12:51 AM
Who's to blame?

RFSTB
Apr 4th, 2009, 12:53 AM
Who do you think is most responsible?

comfortably.numb
Apr 4th, 2009, 12:56 AM
Greedy, money hungry, materialistic people who ignorantly borrowed, lent, and spent money they never had.

jefrilibra
Apr 4th, 2009, 01:00 AM
Greed!

saint2
Apr 4th, 2009, 09:16 AM
Clear- Fed under Alan Greenspan. And all American governments since Carter.

Barrie_Dude
Apr 4th, 2009, 05:36 PM
Bill Clinton

lee station
Apr 4th, 2009, 06:13 PM
intramuscular injection

ys
Apr 4th, 2009, 07:25 PM
Rating agencies. S&P, Fitch , Moody's. Greed is greed, mistakes is mistakes. These guys failed professionally, failed miserably and I am not sure at all that they failed without benefiting from that. And they could have prevented the whole thing single-handedly.

ys
Apr 4th, 2009, 07:28 PM
Bill Clinton

Economically, I'd agree, one of the worst Presidents on record, had everything, every possible circumstance helping economy during his terms, the best environment ever. And what have we got after his terms, fucking trilion of surplus at expense of destroyed industries? Bush, though, was admittedly not much better, it is just that economic environment was no longer helpful..

In The Zone
Apr 4th, 2009, 07:33 PM
Definitely all of the above. Collective retardation brought this on.

youizahoe
Apr 4th, 2009, 09:38 PM
China and the Economy. Mainly the economic crisis emerged when suddenly 1 billion people (china) came on the market, that expansion has led to some issues, which weren't solved well enough by all governments (whole world).

But anyway it'll get fixed, and then we'll be happy again :inlove:

CoolDude7
Apr 4th, 2009, 10:58 PM
you can't say it's just one person. This has to do with years of running a government improperly(including GREED, AND ALL OTHER HUMAN DESIRES)

Deck
Apr 4th, 2009, 11:04 PM
the ones to blame are the ones concerned least, which totally sucks

ys
Apr 5th, 2009, 12:04 AM
the ones to blame are the ones concerned least, which totally sucks

Which is totally normal. If something is not your problem, it is not a problem for you.. ;)

meyerpl
Apr 5th, 2009, 12:43 AM
Bill Clinton:lol:Good one! The funny thing is, there are people who actually believe that.

Elisse
Apr 5th, 2009, 01:00 AM
Greedy, money hungry, materialistic people who ignorantly borrowed, lent, and spent money they never had.


Exactly!

For me the greedy borrowers are the biggest to blame, followed by the greedy bankers, the greedy politicians, and the greedy mortgage lenders for misleading people into getting a too bigger mortgage that they could never afford in a million years.

And sadly, the ones who are paying the biggest price are the savers...who lived within their means, didn't over spend and who put money into savings....only to be now treated like shit with less than 1% interest on our savings, even though our money is still being used to fund the greedy of others :o

meyerpl
Apr 5th, 2009, 01:24 AM
Exactly!

For me the greedy borrowers are the biggest to blame, followed by the greedy bankers, the greedy politicians, and the greedy mortgage lenders for misleading people into getting a too bigger mortgage that they could never afford in a million years.

And sadly, the ones who are paying the biggest price are the savers...who lived within their means, didn't over spend and who put money into savings....only to be now treated like shit with less than 1% interest on our savings, even though our money is still being used to fund the greedy of others :oThere always have been and always will be greedy borrowers, greedy bankers, greedy politicians and greedy mortgage lenders. The ingredient necessary to create this crisis was the deregulation of the financial sector. Without responsible regulations and oversight, the greedy bastards looted our banks. Hmmmm, which political party pushed hard for deregulatiion for the last thirty years?

Veritas
Apr 5th, 2009, 02:01 AM
I think it has a lot to do with economic mis-management on the government's part. It's unfortunate that the average person got caught up and relied too much on buying things with credit rather than cash. But the economists and policy makers should've acted sooner to stop certain industries like the banks from offering low interest rates which encouraged people to continue borrowing. The G20 summit in London was about correcting that mistake; agreeing on policies that are more firm and will regulate how far banks can go with setting their own policies.

But all the same, it's not entirely the government's fault because there's only so much they can do to control how companies go about doing their business. The biggest issue here is again down to the average person - educating them so they'd be more careful with how they use their resources. It might not prevent another "crisis" from happening again, but at least people will be much better prepared to deal with it.