Oh, Right: It’s All the Fault of Those Plutocratic Bankers
Bill Quick

The Keeping-Up-With-the-Joneses Myth – Derek Thompson – The Atlantic

Why did poor households take on so much new debt in the years leading up to the financial crisis?

Because they could, you commie lapdog.

Predatory lenders, my ass.  Any bank that behaved responsibly and denied juice to unqualified borrowers generally got slapped with charges of illegal discrimination, due to the fact that more blacks and Hispanics were unqualified than whites.

Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

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