Again...you are talking about individuals...the whole point of the argument is that individuals did not cause this...you think the traders in London were issuing bad credit cards? I think not...blame those who did it...not the average American.
Good point, well taken. That’s why I took the time to write it out to that extent. I have little financial background and look to people with more expertise to help me figure things out from time to time.
A question though, are those individuals the foundation for all the cards and houses, etc. that were used to issue the new found arrangements that eventually failed? I’m just curious.
A million thanks!