Housing Bubble & Financial Crisis - Who's to Blame? Part 3 of 3 | PowerOptions Web Log
Almost everyone is searching for someone to blame for the current economic crisis. The problem is, most of the people looking to point the finger, are actually the ones who should be looking in the mirror when it comes to who is really at fault. Unfortunately, the American consumers put themselves in this situation through a combination of greed and lack of personal financial knowledge. Sure, greedy corporations and lending institutions played a role as well, especially if they deceived unwitting borrowers, but there again, the key word is “unwitting”. Buyer beware is still the mantra, even when it comes to purchasing a home. While I’m hesitant to heap any more problems on this country’s already struggling educational system, I think the root issue lies there within. Almost all of us spend four years in high school, and a large portion of us attend post-secondary educational institutions, yet I would...
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