Quote:
Originally Posted by kane
yep, when you lend money to people that can't afford to borrow it, it's no surprise when they default on the loan.
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Which is why the fed is slowly increasing rates but not too much as to completely depress an already sad market. It's meant to give people a kick in the ass to not be so damn stupid and tighten their belts and realize they can't continue to spend $1.30 for every $1.00 they make.