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why blame wall street when people spent more than they could pay for in homes an other items.big bob


By design, the bankers pushed through the loans regardless of income level. With the adjustable rates they used, and the value of the dollar slipping, the owners couldn't keep up.


what I get from these answers is that to many people don't know how to manage there money that they have worked so hard to have.

John P:

Sometimes people want to hope and although they know they can not affore it they will let the banker talk them into it. Then reality slaps them in the face and they have to admit defeat and let go.

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