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A good many of them did. If you think housing is an investment and leveraged yourself to the hilt in 2005, you probably got what you deserved.
by illumin8 15y ago
A good many of them did. If you think housing is an investment and leveraged yourself to the hilt in 2005, you probably got what you deserved.
- michaelchisari 15y agoThe problem is, economics is a group activity. While many people were irresponsible, the effects of their irresponsibility have been felt throughout the economy. And some (banks) were definitely more irresponsible than others (homeowners), by virtue of the amount of power they wielded.