it certainly seems to make more sense. Our culture of ‘greed is good’ ‘buy now, pay later’ is coming back to haunt us in a big way.
More prudence from the banks and c.c companies would have stopped much of this. Looks like a very hard lesson for many young people to learn. For most of us in middle age or older, i think it’s just a matter reverting to the old ways, if we don’t already?
When you hear of the heads of collapsing banks getting millions in bonuses for failing!, then it’s hard to expect anyone to be told they should behave in a responsible way for getting things right.