Wealth distribution

[a completely inoffensive name]

Also all this talk about the "rich" and yet nary a peep about the shit debt the "99"% has racked up "keeping up with Jones". Piss poor credit, houses too big, too many cars, and yet it's the "rich" peoples fault

I subscribe to the notion that individuals are not perfectly rational actors and that when a bank tells an individual they qualify for a loan, the individual will take such an evaluation at face value because they will not go through the logic and uncover for themselves that the banks want them to miss payments so they can charge exorbitant fees and interest rates.

Likewise, I do feel as if we must also accept the consequences of this idea when it comes to the "elite", the bankers and CEOs and such who gave out/authorized these high risk loans. However, since it has been proven that their culpability does not end in ignorance but in willful fraud of the legal system, I think GC has a point that we may point the finger at them as being at the very least, subject to more moral and legal scrutiny than the average citizen.

Keeping up with the jones has fueled the american economy for decades, you cant blame people for doing what their parents and grandparents did because they took their non-finance background and did not look into the business model of handing out predatory loans.