http://inashoe.com/2009/03/who-is-responsible/ the methods and madness of one family of 12 Fri, 10 Feb 2012 20:10:50 +0000 hourly 1 http://wordpress.org/?v=3.1.3 http://inashoe.com/2009/03/who-is-responsible/#comment-21589 Arthur Sido Fri, 06 Mar 2009 22:36:40 +0000 http://inashoe.com/?p=4010#comment-21589 That is exactly right. Banks are institutions, for-profit institutions run by people being compensated to earn money for shareholders. That doesnt mean that they didn't mismanage some things pretty badly. Where the real blame lies in primarily in the American consumer, who demanded more and more consumption recklessly. The people who are responsible are the ones with maxed out credit cards, with home equity lines of credit used to pay off revolving debt and with more stuff than they ever could use. That is exactly right. Banks are institutions, for-profit institutions run by people being compensated to earn money for shareholders. That doesnt mean that they didn’t mismanage some things pretty badly. Where the real blame lies in primarily in the American consumer, who demanded more and more consumption recklessly. The people who are responsible are the ones with maxed out credit cards, with home equity lines of credit used to pay off revolving debt and with more stuff than they ever could use.

]]> http://inashoe.com/2009/03/who-is-responsible/#comment-21588 Lauren Fri, 06 Mar 2009 21:13:00 +0000 http://inashoe.com/?p=4010#comment-21588 I could not agree more. I am so glad someone finally had the guts to say it! I could not agree more. I am so glad someone finally had the guts to say it!

]]> http://inashoe.com/2009/03/who-is-responsible/#comment-21584 Jen@Balancing Beauty and Bedlam Fri, 06 Mar 2009 17:15:22 +0000 http://inashoe.com/?p=4010#comment-21584 First time visitor and am thrilled i found you. Fellow frugal home school mom, who is loving my browse of life in your shoe. i think I found you thru Meredith who I love. I got to meet her at Blissdom and she is precious. :) First time visitor and am thrilled i found you. Fellow frugal home school mom, who is loving my browse of life in your shoe.
i think I found you thru Meredith who I love. I got to meet her at Blissdom and she is precious.

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