“But many of the individuals who are overloaded with debt need to take responsibility for their bad choices, too. Take credit card debt, for example. Certainly there has been a tremendous push — for decades — by financial institutions to get people to view credit cards as indispensable.
And consumers gladly went along, with no complaint, using other people’s money until life’s hardships — a job loss, illness or divorce — got in the way and they could no longer pay today for what they long since had purchased.”
(Via The Washington Post.)
A quick, but fair, look at why debtors clearly have to share responsibility in the current economic crisis.