| Who is to blame for the financial position we're in?
Lehman brothers filed Chapter 11 about an hour ago. Merrill Lynch was bought out by Bank of America (which surprised the hell out of me!).
The question is, who is really to blame? Is it the companies, who funded the loan, like Lehman, or Bear Stearns? Or is it really the people, who took out the loans? Or was it George W's fault for not watching over this?
Because really, this is a capitalistic society. The goal is to meet the consumer's demands. They did that, unfortunately the consumer did not fulfill their promises. So really, can you blame the government? The people? Or the companies? |