At the end of each loan document there are the terms & conditions. My dad always warned me to pay attention where I put my dick and my signature. Most people don't. they are the ones that caused all these. most people simply don't bother. they are like little kids wanting free shit.
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@kyriacos thanks for your article. very interesting perspective from different parts of the world. The main point I got is that the public needs to wake up and understand the blame game simply doesn't work. Human behaviour controls everything and the incentives driving human behaviour are fundamentally flawed by the system. If Incentives for all people were created in a fair and transparent fashion "like Steemit!" the system will work and human behaviour will change for the better.
Exactly, thats my point they know this well. Just as all the rights we sign away without knowing when downloading app. In 2008'sUS mortgage callapse, we as regular loan officers saw these lier loans being sold and knew what the results would be as amateurs. The financial bankers are the smartest in the world with every algorithm to their disposal. In my belief this is engineered to a less educated public (not by chance) and by the time they catch hip, the problems already far there and by chance they have the solution. problem reaction solution. Of course socialist programs will always aid in breeding the lazy gene.
politics are designed to be socialistic in nature. much like advertising with big flashy lights and bright colors. We are indeed ruled by the naive and simple minded. Idiocracy.
Always up the individual to educate one's self in the end.