Comments on: The Crisis of Credit Visualized http://www.miamism.com/the-crisis-of-credit-visualized/ miami beach real estate Sun, 12 Feb 2012 03:36:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ines Hegedus-Garcia http://www.miamism.com/the-crisis-of-credit-visualized/comment-page-1/#comment-417 Ines Hegedus-Garcia Thu, 12 Mar 2009 16:37:47 +0000 http://www.miamism.com/?p=2629#comment-417 Vaughan - there are obviously so many factors to take into consideration and everyone is pointing fingers in the wrong direction without wanting to take on responsibility. Of course the government is to blame, the irresponsible "mortgagees" are not culpable, the greedy "mortgagors" are not at fault, the gluttonous bank institutions were only doing their job.....let's keep pointing fingers and this mess will never be resolved. Sadly enough - those people that really work hard and need mortgages now have to live the consequences. Vaughan – there are obviously so many factors to take into consideration and everyone is pointing fingers in the wrong direction without wanting to take on responsibility. Of course the government is to blame, the irresponsible “mortgagees” are not culpable, the greedy “mortgagors” are not at fault, the gluttonous bank institutions were only doing their job…..let’s keep pointing fingers and this mess will never be resolved.

Sadly enough – those people that really work hard and need mortgages now have to live the consequences.

]]> By: vaughan http://www.miamism.com/the-crisis-of-credit-visualized/comment-page-1/#comment-416 vaughan Thu, 12 Mar 2009 16:22:22 +0000 http://www.miamism.com/?p=2629#comment-416 Fantastic explanation - what astounds me is that so few people saw this coming - they couldn't see for the dollars in their eyes! I think it might have been Abe Lincoln who said that the introduction of credit would only see higher levels of debt. I think it was also he who said that if the banks were to become centralised, the wealth of the population would plummet. Is this the next step? There has been talk of that hasn't there? Is it all doomed to complete failure? Fantastic explanation – what astounds me is that so few people saw this coming – they couldn’t see for the dollars in their eyes!

I think it might have been Abe Lincoln who said that the introduction of credit would only see higher levels of debt. I think it was also he who said that if the banks were to become centralised, the wealth of the population would plummet.

Is this the next step? There has been talk of that hasn’t there? Is it all doomed to complete failure?

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