[Scenic Sounds]

Personal responsibility, financial and otherwise, has to be flogged back in people, if need be (and there IS a huge need for it).

Well, that's of course the argument, but doesn't commons sense suggest that there should be some personal responsibility, some consequence, for creditors who invest their funds unwisely?

And isn't it amusing to hear this batch of leaders make those arguments while creating this kind of debt?

[GSlob]

Large creditors nowadays securitize the receivables - and make all of us (if only through 401k's) shoulder a large part of creditor's risk.

[secretagent]

....doesn't commons sense suggest that there should be some personal responsibility, some consequence, for creditors who invest their funds unwisely?

Creditors still lose money if a debtor doesn't repay his debt.