The outsourcing of our jobs played a huge role in the destruction of our “Ownership Society”; many well-intentioned borrowers have had their lives destroyed by it (and now won’t be borrowing any time in the near future). The lax credit standards were designed just to keep up the illusion that our standard of living wasn’t going down the toilet; it wasn’t designed just to move houses, but also to allow people to buy cars, groceries, toys, etc. that they could no longer afford with their weaker paychecks.
>>The outsourcing of our jobs played a huge role
Uhuh. Look at the ownership of a technology outsourcing company called Tavant, circa 2007.
Ameriquest Executives.
Dirtbags.