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What Caused the Financial Meltdown?
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<blockquote data-quote="JustTired" data-source="post: 404043" data-attributes="member: 10234"><p>I agree.</p><p> </p><p>The problem is....we have created a "I want it, and I want it now!" society. Whether it's the CEO that wants his/her millions....or the average Joe that wants that new car or 50" flat screen tv. How many people actually "save up" to buy anything? The percentage has to be small. I'm guessing less than 5%. It's too easy to plop that card down and walk away with the "have to have" of the day.</p><p> </p><p>You can't trust anyone to do the "right thing" anymore. De-regulation is great in theory. But, with no regulation and the aforementioned society we live in, there will always be someone taking advantage for their own personal gain. </p><p> </p><p>The other part of the "I want it, and I want it now" mantra is......"and I don't care what it does to anyone else."</p><p> </p><p>Maybe letting things run their course might just be the "cure" this country needs. JMO</p></blockquote><p></p>
[QUOTE="JustTired, post: 404043, member: 10234"] I agree. The problem is....we have created a "I want it, and I want it now!" society. Whether it's the CEO that wants his/her millions....or the average Joe that wants that new car or 50" flat screen tv. How many people actually "save up" to buy anything? The percentage has to be small. I'm guessing less than 5%. It's too easy to plop that card down and walk away with the "have to have" of the day. You can't trust anyone to do the "right thing" anymore. De-regulation is great in theory. But, with no regulation and the aforementioned society we live in, there will always be someone taking advantage for their own personal gain. The other part of the "I want it, and I want it now" mantra is......"and I don't care what it does to anyone else." Maybe letting things run their course might just be the "cure" this country needs. JMO [/QUOTE]
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