- NEW!
by mr. Bill on March 10th, 2009
by Ridiculous on March 10th, 2009
Should America boycott GM products because they flaked on paying off 14 billions of their taxpayer bailout funds?
by Anonymous on June 5th, 2011
| 1 person likes this
Are the US banks responsible for the financial crisis in Greece?
by Marguerite on June 23rd, 2011
| 1 person likes this
So rest of California, when are we going to have to start releasing prisoners and closing schools to fix the deficit?
by Faithlesstheist on February 1st, 2011
| 1 person likes this
Goldman Sachs invested heavily in Greece when Bernacke was CEO. Was that a wise move? Now that he's head of the FED Reserve, you worried?
by GibsonGuy on September 28th, 2011
| 1 person likes this
Bank of America to cut 30,000 jobs. Still think that bailout was a good idea?
by Anonymous on September 12th, 2011
| 1 person likes this
You're reading Do you think that total greed & "I want the best now. Don't Matter if I can't pay" mentality is really at the root of this great economic crisis?
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Comments
Now, how to fix it.... Sure wish I had the answer to that one. I think a BIG mistake banks made was jumping to foreclosure on properties that have smaller mortgage balances owing without somehow trying to work out some sort of pay schedule for the owner. Which I feel would be a better solution than forcing the people out of their homes - especially if they had jobs and could pay SOMETHING against the mortgage. Now they are stuck with maintaining and paying taxes on thousands and thousands of empty homes. And that situation is definitely not helping in this crisis. (I'm talking about ordinary people in ordinary houses, not people who are in mansions that they could not afford in the first place.)
by MotherTruckers on March 10th, 2009
All of the money houses were riding high and then the stock market fell. Theywere caught with their pants down.
by mr. Bill on March 10th, 2009