Originally Posted by HN1708
Flintstone, so if the banks won't take responsibility for reckless lending should people take responsibility for irresponsible borrowing?
Ahh, I see. So because one party behaves in an unsatisfactory manner that makes it ok for others to do so?
Of course people should take responsibiliy for their own actions. They take out a loan, they sign a contract, they should expect to abide by
what they willingly get themselves into unless they reach a point, through no fault of their own, where they can no longer meet their obligations. Bankruptcy should be seen as a last option, not planneed for from the beginning.
I repeat my question. Who ultimately bears the brunt when borrowers can no longer meet their payments?